A SSAS can have up to eleven members, however it’s not necessary for all beneficiaries of an estate to be a member of the SSAS. 

Existing members can write an expression of wish that will bring additional beneficiaries into the SSAS in the event of their death.

So, to give a simple example of the above:

A husband and wife have developed a good business and made large contributions into their pension. They want to leave their pension to their children. 

The husband and wife can write an expression of wishes that includes adding the children to the pension on their death, the children being given a proportion of the parent’s pension at that stage.

This would have the impact of giving the children a great start to their pension. 

And crucially because the funds have not moved out of the trust, they wouldn’t be tested for inheritance tax.

That’s just one example of how a SSAS can be used as a family trust to help build a robust estate plan. 

Contact us now to have a confidential discussion with one of our advisers.

We can assess your circumstances in the strictest confidence and maybe suggest a number of other useful strategies that will secure and enhance your family’s financial future.