Case study 06.01.2009
Read our case study on income planning to find out how a company director, close to retirement and with little pension provision, can start funding for retirement.
Read More >>>What is Rowanmoor Pensions' role?
Under The Rowanmoor Pensions Small Self-Administered Scheme (SSAS) the principal employer appoints Rowanmoor Trustees Limited as independent trustee and Rowanmoor Group plc as the scheme Administrator.
These roles are central to the successful management of the scheme. This is primarily because of the complex nature of pensions and taxation legislation and the need to have a detailed knowledge of Her Majesty's Revenue and Customs (HMRC) compliance and audit regime.
As scheme Administrator, Rowanmoor Group plc is responsible to HMRC for the running of the SSAS. Rowanmoor Pensions' other services include:
- providing legal trust documentation to establish and govern the SSAS and, where necessary, amending it;
- registering the scheme with HMRC;
- SSAS administration services;
- keeping up-to-date and accurate records of all scheme investments, income and expenditure;
- technical support regarding all aspects of the SSAS, its investments and benefits;
- preparing annual scheme accounts;
- liasing with HMRC where necessary and filing the scheme reports required by them;
- making any payment due to HMRC from the trustee bank account.
Accounts need not be audited provided all members are trustees and trustee decisions are made unanimously
Rowanmoor Pensions will advise the member trustees on the regulations affecting their SSAS and the requirements of legislation and help them and their advisers maximise the opportunities available to them under the SSAS. Representatives from the company are available to attend trustee meetings.
This information relates to the Rowanmoor Pensions SSAS.