About Us

Essential Pensions Group has many years’ experience in setting up and providing expert advice and ongoing assistance relating to SSAS (Small Self-Administered Scheme) pensions.

A SSAS lets you save for retirement whilst giving you control on how your money is administered and invested. We have over 30 years’ experience in the SSAS market and are recognised as being an expert in our field.

We have a highly specialised and knowledgeable team at our clients’ disposal and offer a personal, proactive and timely level of service. With access to the best possible dedicated SSAS systems and software available, we are relatively unique as we can act as a SSAS Scheme administrator as well as Independent Scheme Trustee.

As well as establishing and operating new SSAS trusts we can also take-over the administration and professional trusteeship of existing SSAS trusts from other professional independent trustees.

Essential Pensions Group enjoys close and dedicated relationships with other SSAS scheme professionals such as solicitors, financial advisers, actuaries, accountants, bankers and surveyors. We are proactive, quick to respond and work hard to help our clients to get the very most from their SSAS.

Benefits of the Essential SSAS

The Essential SSAS is established under discretionary trust which provides member trustees with considerable tax advantages. The members together with Essential SSAS trustees are the trustees of the scheme, with control of all the scheme’s assets and investments.

An Essential SSAS can offer unique business capital raising features which include:

• Loan funds back to the client’s business – with the added benefit of interest being paid to the SSAS rather than to the bank.
• The ability to purchase shares in the client’s business.

Other advantages of an Essential SSAS include:

• The ability to buy commercial property from any party including the members themselves. Once bought, a commercial property becomes an asset of the scheme which can then be leased back to the business at a commercial rent.
• The scheme can also borrow up to 50 per cent of its net assets held, at the date of the loan. Borrowed funds can be used for investment or to help finance other commitments such as the payment of pensions or death benefits.

Many SSAS clients appreciate how they can retain an element of control over their business in their role as a scheme trustee, and by having that control, a SSAS can also be the ideal route for succession planning.

Services Offered By Essential SSAS Trustees

Essential SSAS Trustees offer a complete service acting as both Professional Trustee and Professional Scheme administrator. This ensures all scheme procedures and investments are carried out within HM Revenue & Customs guidelines, and that co-trustees of the scheme are kept fully up to date with scheme objectives and performance.
Scheme administration includes handling regulatory returns as well as member and investment transactions. Other services include:

• Accepting the appointment as scheme administrator and notifying HMRC.
• Accepting the appointment as an Independent Trustee to the scheme.
• Providing all technical and administrative services for the scheme.
• Maintaining scheme records and providing information for scheme accounts.
• Providing required information to scheme members, HMRC and The Pensions Regulator.
• Assisting in the purchase and sale of scheme assets.
• Providing guidance on property purchase, borrowing and loans.
• Facilitating the effective operation of all scheme trustee bank accounts.
• Administering the payment of all scheme benefits.
• Providing access to specialist actuarial advice and calculations.