Legacy Wealth

Legacy Wealth is proud to announce the establishment of our specialist pensions division, Legacy Pensions. We now have a dedicated team of local pension specialists. This team will provide consulting advice and administration/compliance services to entrepreneurs and family businesses in relation to Small Self Administered Pension Schemes (SSASs). This expansion to our existing pensions’ team provides a one stop shop for all aspects of this specialist form of pension planning. The new division strengthens our market position and complements our existing wealth management and tax planning services.

What is a SSAS?

• A SSAS is effectively a tax shelter which allows a greater degree of flexibility and personal control than traditional, institutional-based pension arrangements. 
• It is initially established by an employer and is typically suitable for the directors and families of owner managed businesses.
• Our new specialist team can now provide all of the initial and ongoing advice required in-house, without the involvement of an insurance company.
• With this independence, your SSAS can in many ways be controlled in the same way as your business, with our specialist advisors allowing the ‘pension fund cheque book’ to remain firmly in your pocket.

Advantages

• The primary advantage of a SSAS is the wide range of investments available to the trustees. 
• A SSAS a can invest directly in commercial property, investment trusts, foreign currency, listed and unlisted shares (including those of the sponsoring company).
• It also has the ability to grant loans to the sponsoring employer, a facility not available under any other pension arrangement.
• The ability to offer total local control over the scheme, makes our SSAS offering an attractive proposition to those seeking an entrepreneurial and bespoke solution to their retirement planning.

Advantage of a local administrative team

• Historically these schemes have been looked after by third party insurance providers with restrictive rules and in some cases high costs.
• An holistic service which can provide the full range of consulting and compliance services, cutting out the unnecessary layer of cost and hassle associated with traditional self managed pension arrangements.