Straight and narrow
A SSAS is an established pension vehicle, resurgent in recent years, and will continue to present great opportunities for clients.
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Thousands of SSASs are operating without a professional scheme administrator, and this is generally a mistake. There is a very real risk of clients facing significant tax charges when things go wrong.
It is time for advisers to review their existing SSAS clients to make sure they are on the straight and narrow. Just do not be afraid to ask a respected SSAS provider for help along the way.
Jeff Steedman is head of Sipp and SSAS business development at Xafinity
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