The Best SSAS Pension Providers
When it comes to the SSAS pension providers and finding the best fit for your needs, generally speaking there are a few areas that are worth considering. A SSAS provider that scores highly in these areas might be a good fit.
1. Level of Service
Level of service is key. Sadly, some SSAS pension providers don’t respond to clients as quickly as perhaps they should. Or when they do get back to clients, their answers aren’t always satisfactory.
Unfortunately, you don’t know what level of service a SSAS provider is going to give until you’ve engaged them. However, an indicator that they might not offer the level of service you’re hoping for is how up to date their website is, and how relevant and accurate the information they’re sharing is. You’ve got to go off what you can see and these things may indicate a poor level of service.
2. Knowledge and Expertise
Another thing to consider when it comes to finding the best SSAS pension scheme providers is their level of knowledge and expertise.
What we find with some SSAS pension providers is they can be quite cloak and dagger. In other words, it can be quite difficult to get helpful answers to the questions you really have about SSAS. We don’t believe that’s right. We believe that the best SSAS pension scheme providers should give helpful, timely, and up-to-date answers that support clients in making informed decisions.
Here at One Crown Pensions we have made dozens and dozens of video resources and article resources available on our SSAS Video Hub completely for free. We want everyone to be able to understand and benefit from SSAS.
3. SSAS Resources
Resources are the next important point. When it comes to SSAS, people often include family members over the age of 18. This is because SSAS is a great intergenerational wealth trust.
However, to get the most out of SSAS, all the members - of all ages - need to understand what SSAS is and how it works. They need information in a format they understand. That’s why we have worked hard to produce the level of resources that we have.
We want people of all ages and stages to be able to engage with SSAS and enjoy its benefits. There are no other SSAS providers who do this on the level that we do.
We don’t just provide great resources, we continue to update our resources regularly to ensure all the information we’re sharing is up-to-date. This provides you with the latest SSAS Pension information, helping you grow in your understanding of SSAS.
4. Convenient Customer Service
Another point to consider is convenience. If you have or are considering a SSAS, you have a Limited Company and are a busy person by default. You understand, more than most, the tension between running your business but also wanting to invest your time and effort into growing your SSAS fund for the future.
We at One Crown Pensions are here for your convenience. Not only do we set up your SSAS but our sister Company, One Crown Investments, can help you source and manage SSAS permissible investments that will grow your fund.
5. SSAS Specialist
There are a number of Companies that offer SIPP as well as SSAS. Oftentimes their main focus is on SIPP and you can tell by how much information they have on SIPP versus the information they have on SSAS.
Whilst there will be good providers that offer both, our recommendation is to go with a Company that is a SSAS specialist. They will likely offer a better SSAS specific service and actively work with you to get the most out of your SSAS Pension.
6. SSAS Pension Scheme Providers Price
The last point we will mention is price. There are some SSAS pension providers that purport to offer SSAS very cheaply. However, those who do often just provide the paperwork and then leave you to your own devices.
The problem with this is that managing a SSAS is a significant responsibility. And to run a SSAS - and to get things wrong - could garner hefty tax charges or even deregistration. In the vast majority of cases, people are looking for support to help administer a SSAS, and that’s exactly what we offer.
Your SSAS is attached to your business, which is extremely precious. Within your SSAS are your pension funds, which are extremely precious. Your SSAS is with you, for the most part, for the rest of your life. And your SSAS generally protects those you care for most. So, with so much at stake, it can be short-sighted to opt for cheapness over service.
The Best SSAS Pension Provider?
We recommend that a Company scoring highly in these categories, would make an excellent SSAS pension provider.
If you would like to speak to us about becoming your SSAS pension provider, feel free to book a call with a member of our friendly SSAS practitioner team. We’d be more than happy to help.
