Read the latest Taylor Patterson company news, or news relating to bespoke pension arrangements .

Latest News

Taylor Patterson launch new SSAS products

At Taylor Patterson we are constantly looking at the needs of our professional connections and clients.  As such we try and make sure our products match those needs.  The members of these bespoke pension schemes have planned towards building their retirement provision over many years.  During this lengthy time period, the actual underlying investments within a SSAS, may have changed, depending upon either individual circumstances or business requirements and from a financial advice and cost perspective a transfer to another pension product may need to be considered.

However in transferring from a SSAS and winding up the pension arrangement, a client will typically come across the following problems:

  • The cost involved in transfer, particularly if direct property is held.
  • Winding up the SSAS with HMRC
  • Setting up a new Scheme

Other areas that would need consideration are that it would be necessary for a financial adviser to give advice on transferring from an occupational arrangement to a personal arrangement.  The advice provided may potentially delay transactions or the taking of benefits, as it may, take considerable time to review existing and new arrangements.  As this transfer process is very detailed we have found advisers typically tend to charge a minimum of £1,000 for the advice process.

Additionally, other pension arrangements for example, a SIPP, could provide a little less flexibility and whilst potentially being less expensive, they may not offer all of the options a SSAS can provide.

To overcome these onerous requirements that a pension transfer necessitates and the associated costs, Taylor Patterson has therefore reviewed its existing SSAS charging structure and looked at opportunities where we can reduce the fees.

One Member SSAS

In view of the fact that Taylor Patterson recognises the administration with a one person scheme is less onerous than a multiple member scheme, a specific scheme has been put in place with reduced fees. In order to maintain flexibility should more members wish to join, the scheme can be reverted to a full SSAS.

This gives the individual a cost effective opportunity to retain an occupational based scheme which is competitive with our SIPP charges.

The SSAS is particularly attractive with falling annual allowances and the principal employer’s ability to cover all costs and allow for loan backs to the principal employer.  

Investment only SSAS

The administration of simple straight forward investments is less onerous than schemes containing for example property and loan backs so we have put in place a specific scheme with competitive fees.

The investments that would qualify would be regulated UK investments, such as, cash deposits, collectives, discretionary portfolios, assets held via a platform and insurance company trustee investment plans.

This makes the SSAS competitive if for example properties are sold at retirement, preventing the need to transfer to alternative products. In the early years this scheme allows funds to be built up to facilitate future investment in property or loan backs.

With both of the above products it is possible if circumstances change for Taylor Patterson to convert the existing scheme to a full SSAS at no initial cost.

For more information on our range of new SSAS products contact Kerry Houghton on 01772 550614 or or visit the new website at

Make an enquiry

Personal Details

Organisation Details