Guernsey: Carey Pensions Re-Launches SSAS Proposition Including Defined Benefit Scheme
Last Updated: 18 May 2015

Carey Pensions UK announces the re-launch of its SSAS proposition to include a Defined Benefit Small Self Administered Schemes (DB SSAS). 

Carey Pension UK's DB SSAS is amongst only a handful of comparable schemes on the market. 

A SSAS is a pension vehicle focused on providing benefits to owners and employees of small or family-owned businesses who want to have more control of how their retirement plans are delivered. It is one of the most flexible pension vehicles on the market.  Otherwise equivalent to a money purchase scheme, a DB SSAS offers a defined level of pension benefits for members at normal pension age. 

The scheme may also allow members to make pension contributions in excess of their annual and lifetime allowances without negative tax implications. Both the level of contributions and the expected pension benefits are calculated by a scheme actuary, in line with HMRC rules concerning DB SSAS. 

Christine Hallett, CEO, said "We are delighted to have brought a DB SSAS to market.  We see a great deal of potential in the product which will be used by financial advisers, tax advisers and accountants, and will grant them additional flexibility in advice and tax planning for their clients."

"We pride ourselves on designing high quality pension products that are well run, offer value for money and help our clients to achieve their retirement savings goals."

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