SSAS & SIPP

Our sister company MAB Pensions is authorised to set up and maintain a self managed pension, known as a SSAS.  Michael Ambrose Limited can provide appraisals, detailed advice   and recommendations for use in mediation or litigation.

Self Administered Schemes and SIPPS

  • Small Self Administered Pension Schemes
  • Self Invested Personal Pensions

What is a Small Self Administered Scheme (SSAS)?
A SSAS (Small Self Administered Scheme) is a registered pension scheme set up by a company under trust with the object of providing pension benefits for nominated employees efficiently These will usually be the directors and proprietors employed by the company but can also include other employees. If appropriate, more than one scheme can be established.

The investments are held separately from the company’s assets and are administered by Trustees, this means the members have some degree of control over the choice of investments allowing them to make loans from their company or buy property and let it to a third party or to the sponsoring employer. Alternatively the funds could be invested in a wide range of vehicles.

Michael Ambrose Limited have been involved in setting up and administering SASS since their conception and will provide guidance and advice to complement administrative services from MAB Pensions limited.

MAB Pensions Ltd and Michael Ambrose Limited are seperate legal entities. Michael Ambrose Limited is the firm that would be responsible for advising on and arranging any potential pension contract.

What is a Self Invested Personal Pension (SIPP)?
A Self Invested Personal Pension is a registered pension scheme. As such it enjoys many potential tax advantages over other forms of retirement planning.

Personal pensions were introduced in 1988, and significantly increased the scope and freedom for individuals to provide for their retirement. They immediately became very popular due to the generous tax reliefs available. A self invested personal pension (SIPP) is an extension of this concept, as it removes the involvement of an insurance company and potentially provides the investor with a wide reaching range of investment options.  As with SSAS, a plan holder could purchase a business property or use the funds to create a diverse portfolio of investment to potentially draw on in retirement.

Levels of and bases for reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.

If you have a specific issue you would like to discuss that is not shown, please contact us.