"Our family have held a SSAS with Garrabost Trustees for well over 10 years. Over that time it has proven to be a great tool in providing security for our future retirement whilst mitigating our company's tax liability. I find the control and flexibility you enjoy over any investment strategy to be the most pleasing aspect of the scheme.
We have invested in our business premises & investment bonds and have taken advantage of the company loan back facility"
Set up and establish small self administered pension schemes
Report events associated with the scheme to HMRC, and file all necessary paperwork
Guide and explain information to scheme members regarding allowances, the lifetime allowance, benefits and transfers
Register schemes with HMRC and The Pensions Regulator
Complete required returns for HMRC and The Pensions Regulator
Work closely with your advisers in order to mitigate tax liabilities and enable positive strategic planning
WHAT IS A SSAS?
A Small Self Administered Pension Scheme (SSAS) is a pension scheme that is established under Trust by an employer, usually a limited company. A SSAS provides a means of pension saving that runs alongside a business and allows for investment decisions to be made by the business owners who are also the scheme Trustees and Members. Scheme members are not limited to the business owners, with senior employees or family members also able to join.
Our role within a SSAS is that of the Professional Trustee and Administrator. We provide support by assisting with the management and administration of the scheme. This includes annual filing with HMRC and The Pensions Regulator (where appropriate) and allowing for seamless transactions, all the while ensuring that the activity of the SSAS operates within HMRC parameters.
Garrabost Trustees have been acting as Professional Trustee and Administrators, advising Small Self Administered Pension Schemes for over 30 years. We believe that understanding the clients’ needs and challenges is our highest priority, and we ensure that your pension works in harmony with your business. We tailor our services appropriately and help you create new opportunities.
Utilise the fund to make capital available to the associated business
Any increase in value of property owned by the scheme is free from Capital Gains Tax
The fund is outside of the Members estate for Inheritance Tax purposes
As Trustees of the scheme you control how the fund is invested
Provide pension benefits for your retirement
Create new opportunities for your business
Rent premises to the associated business and receive tax relief
Associated business can pay the administration costs of a SSAS as a deductible expense
25% or more of the fund value can be taken as a tax free lump sum from the age of 55 (or earlier in special circumstances)
The assets can remain intact within the SSAS and passed down to your children
Helen McIntyre BA (Hons)
Helen has worked in the pensions industry for over 30 years, and has considerable knowledge and experience in the industry. She previously worked for NPI, NPI Trustee Services, AMP Pension Trustees, Premier Pension Services and Alltrust.
Helen has specialised in the SSAS sector where she has held senior roles working very closely with Member Trustees covering every aspect of their schemes.
In her spare time Helen loves travelling, gardening and her newfound hobby of cycling. She is the Chairperson of the 415 Air Cadets Civilian Committee based in Merthyr Tydfil and Brecon, and which involves lots of fundraising. Helen is also a qualified florist.
Tel: 01685 352750
Iain Mitchell BSc (Hons)
Business Development Manager
Iain was educated at Christ College, Brecon, and spent the early part of his life growing up in this idyllic part of Wales. He joined Garrabost in 2018, part way through his degree course, and in 2020 graduated from the University of South Wales with a degree in RICS Construction Project Management.
His qualification ideally suits him for his role at Garrabost, specialising in the acquisition and development of commercial property through Small Self-Administered Pension Schemes. Iain’s role is to support Helen in developing these opportunities on behalf of clients.
Iain’s interests include cricket, golf and socialising, and more recently he has developed an interest in “own home improvements”.
Tel: 01685 352750