Introduction

5,000 SSASs at risk of tax charges

The administration of many Small Self-Administered Pension Schemes (SSASs) passed from the insurance company provider to the trustees or sponsoring employer in April 2006. That has left individual members responsible for the proper administration of the scheme in accordance with HM Revenue & Customs (HMRC) and other regulations and potentially personally liable for tax charges where these are not met.

Assess your risk

If you are a member of a SSAS, it is in your interest to make sure your scheme is being properly managed else you can risk hefty tax fines. Our free online questionnaire identifies the key areas of risk and whether you are exposed to them. If you have a client who has a SSAS, you can complete the questionnaire and enhance your service to them by talking them through the results.