A Small Self-Administered Scheme (SSAS) is a tax-efficient investment scheme that is suitable for both employees and controlling directors. It allows you to enjoy the greatest level of control over the direction of your investments. It is known by a variety of other names, including Self-Administered Pension (SAP) and Self-Directed Trust.
Who can set up a SSAS?
A Small Self Administered Scheme is suitable for employees and salaried directors. It is most suitable for owner directors and should be the number one choice for retirement planning
What are the benefits of a Small Self-Administered Scheme?
- A SSAS is flexible and can change to suit your circumstances.
- Your Small Self Administered Scheme is portable, which means you can continue to use it even if you change employer.
- It's a tax-efficient pension. You can enjoy tax relief at your highest rate of tax on any personal contributions made (subject to Revenue limits).
- You have no tax liability for any company/employer contributions made on your behalf.
- Your investment grows free of both capital gains tax and income tax.
- You may retire as early as age 50 and take your benefit *subject to revenue rules.
- You can plan how your eventual retirement benefits are taken, in order to reduce your tax liability. For example, you may take a portion of your benefits as a pension lump sum and/or set up an Approved Retirement Fund (ARF) to keep your investments in a tax-efficient environment.
- Your company/employer can claim full corporation tax relief on company contributions made to your SSAS to reduce their corporation tax liability.
- Your company/employer can vary contributions to your SSAS each year to suit the financial circumstances of the company.
- Your SSAS is confidential and separate from any other staff benefits scheme within the company.
- Your company/employer can use the SSAS as a tool for remunerating, motivating and retaining key employees who are not directors.
- Your company/employer can use the Small Self Administered Scheme as part of an efficient business exit plan for retiring directors or key employees.
Want to find out more?
Contact us for advice on whether setting up a SSAS is the right option for you or to set up a meeting with one of our advisors where we can look at your overall retirement structure and ensure that all your pension funding is working for you to reach your desired retirement.
The Central Bank does not regulate Tax Advice, Qualified Recognised Overseas Pension Schemes, or Estate Planning.
The value of investments and the income derived from them can fall as well as rise. You may not get back what you invest.
We are conveniently located on the Southern Cross Road between Bray and Greystones which can be accessed via junction 7 of the N11.
This is ideal for servicing clients from the surrounding South Dublin, Wicklow and greater Leinster areas.
Our office is situated 20kms south of Dublin, just beyond Bray in Co. Wicklow. Take the M50 southbound onto the N11 then take Exit 7, the Bray/Greystones exit and follow signs to Greystones. We are on the right near the end of the Southern Cross road leading from the N11 to the Greystones Rd.
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