We look after your pension needs allowing you to do what you do best.
The Morgan Lloyd SSAS is a registered pension scheme and is established under Trust by the Principal Employer. A SSAS is acknowledged as being the most flexible type of arrangement around, as it permits different investment opportunities to inject and invest capital into your company. The Scheme is suitable for directors subject to a maximum of 11 members (usually with a combined controlling interest) and occasionally some senior employees, which positions the SSAS ideally for most Small to Medium Sized Enterprises (SME’s). As well as being able to use and control your own pension funds to invest in your business, the SSAS has a number of advantages when it comes to tax planning such as:
The SSAS derives its attractiveness from several key powers open to the Trustees, including the ability to self invest within a range of investments (secured loans to the company, commercial property purchase, intellectual property/asset purchase and company share purchase).
The SSAS is run by a professional Independent Trustee (Morgan Lloyd Trustees Limited) together with the Member/Managing Trustees in accordance with HMRC legislation and rules. The Trustees are the legal owners of the pensions and therefore responsible for the management of the Scheme.
Each SSAS has its own bank account of which Morgan Lloyd Trustees Limited act as sole signatory in order to manage transactions on the pension scheme. Morgan Lloyd Administration Limited earns interest from our current banking provider on the agglomerated balances on the accounts we manage – where the client balance is of significant value. Our current policy is that a proportion of this interest is repayable on a sliding scale, and this is reviewed periodically. However, the current exceptionally low Bank of England Base rate means that no bank accounts qualify under these arrangements to earn interest, but we are able to offer fee-free banking to all of our clients. Please note that the bank account held within your pension scheme should not be relied upon to provide an investment return.
This is a SSAS that allows the full range of allowable investments.
This is a low cost SSAS alternative offering straightforward investments in platforms. This is an ideal product for clients that want the framework of a SSAS but do not yet want to utilise the full investment flexibilities.
For investment advice, please seek the appropriate recommendations from an authorised financial adviser, alternatively if you wish to speak to an adviser from Clifton Consulting Limited please call 01275 813700.
This information reflects the regulatory and taxation situation as it affects pensions at the time of publication in April 2017 and is provided to the best of our knowledge. It is not a complete representation of the pensions legislator landscape and is for guidance and information purposes only. We cannot be held responsible for any errors, omissions or subsequent legislative changes.
For further information on your pension scheme administered by Morgan Lloyd, or any enquiry, please do not hesitate to call and one of our team members will be happy to helpView more