SSAS Pensions

[willendure]

I looked into a SSAS pension earlier this year - to help with a commercial property purchase but eventually decided against it.

I have ~1m in the pension and was told it would cost ~20K to set the SSAS up!

I decided against it on the basis that it was too complicated, too restrictive and was subject to the whims of politicians should they change the rules.

--Jatinder

I have a feeling those that offer services to set one up, look at how much money you have and then size you up for a quote. There is some paper work involved obviously, and that I am willing to pay for, but not £20Ks worth.

This website is informative on the setup procedure, because it gives an outline of it, so you can assess from that how much work is actually involved: https://segmentedsolutions.co.uk/ssas