Small Self Administered Scheme – This is a tax-efficient company pension plan. It differs from traditional pension plans provided by insurance companies as it is self-administered, which allows you to control your contributions and investments. A SSAS allows you to personally manage your assets, rather than simply investing in a pension policy with an insurance company. It offers you greater control and flexibility in your investment choices and is tailored to the meet your investment needs and objectives.
A pension is a form of long-term savings to build a fund which will generate a source of income for you at retirement. Pensions are generally considered one of the most tax efficient forms of savings.
A SSAS is best suited to company directors, executives or professionals who wish to be set apart from the main company pension scheme on grounds of greater confidentiality, control and flexibility.
A SSAS may be established wherever an employer-employee relationship exists and the employee is in receipt of taxable income from that employment.
Our pension arrangements are highly flexible in terms of the choice of investment structure.
*Revenue rules apply
The value of your SSAS fund at the time of your death is used to provide benefits to your dependants.
If you have an existing pension, you may transfer your fund to a SSAS. This is a very straightforward process and HFS can look after this on your behalf.
Your ability to contribute to a SSAS depends on key factors such as age, salary, years of service etc. The maximum amount permissible by Revenue is set at €2 million in total retirement benefits, calculated on an actuarial basis.
The cost structure of a SSAS pension is completely transparent and is often more cost-effective than traditional pension schemes
A SSAS structure is often more cost-effective than traditional pension schemes