SSAS Review

Do you already have a SSAS with another company?

If you already have a SSAS, or if you are a Financial Advisor or Accountant with clients who have a SSAS, Cantwell Grove would be delighted to offer our free SSAS Review service.

A SSAS is an extremely flexible and tax-efficient way to plan for retirement, but as with any UK registered pension scheme there are rules and procedures that must be followed, and the consequences of getting it wrong can be severe.

The role of the Scheme Administrator is therefore vital to ensure compliance with the rules, however, there is absolutely no reason whatsoever why the service provided should not also represent excellent value for money.

Our SSAS Review service is free, simple and has three main aims, two of which will benefit you and the third will hopefully benefit you and us!

1) Check existing service:

SSASs that are not administered to a high standard can result in a variety of problems including fines by regulators and even de-registration. We can review existing scheme documentation, structure, benefit events and adherence with the various reporting requirements.

2) Check existing price:

There is a huge variance in charges amongst companies who provide a Scheme Administrator service for SSASs. It can also be very difficult to fully understand all the costs involved as the list of add-ons can sometimes run into pages and pages. Cantwell Grove is proud to offer not only a very simple and transparent pricing structure but also one that is extremely competitive. Our Fees are clearly shown in the relevant drop-down link of the Our Services menu, but just to give a flavour of how we are different to many other providers, we are pleased to advise that we do not add charges when clients wish to take their retirement benefits (not for drawdown, or for tax-free cash, or for any ad-hoc or regular income payments). A few other examples of services where we do not add charges are; implementing Pension Sharing Orders, administering employer or member contributions, claiming tax relief-at-source from HMRC and definitely no payment is received by Cantwell Grove via any source for any of the assets held in your SSAS. You might be surprised to learn that it is rarely the case that these types of seemingly standard services do not come with additional charges.

Yes, the role of a Scheme Administrator is vitally important and it does require specialist knowledge and experience, but the fees should be fair and transparent. We can review the existing charging structure of your SSAS and show you a Cantwell Grove comparison for consideration.

3) Consider allowing Cantwell Grove to take over the Scheme Administrator role:

We promise to simply give you a fair and balanced review of your existing SSAS, and hopefully you will then be comforted and reassured that your scheme is being efficiently administered and that the fees are fair. However, if you have any doubts then we would be honoured if you were to consider allowing Cantwell Grove to become the Scheme Administrator.

If you are interested to find out more, then we would be very pleased to hear from you. E-mail or phone 01773 307200.