Why we created the i-SSAS
Thanks to changes in pension legislation and the introduction of auto enrolment, workplace pensions are back on the map for a lot of SME business owners. This has lead to them talking to pensions providers and their financial intermediaries to make sure they have a compliant workplace pension in place for their staff.
Because of this focus on workplace pensions, a lot of business owners are then thinking about their own pension and their own retirement, and realising that they want something more to secure their future once they finish work. Directors are looking for something to put in place to give them a better retirement.
At SSASCo, we’ve seen a huge number of enquiries from business owners who want the flexibility and benefits that a SSAS pension scheme can bring, but as they are the sole director of their business, they don’t need the multi-member features of a full SSAS.
That’s why we developed the i-SSAS, a flexible SSAS pension scheme for just one single member.