Below is a full list of FAQs. If you don't find the answer you're looking for, why not contact us using the form below.
Self-administered means that you can control funding and investment decisions. The administration of the scheme, such as the accounting and processing of investments, is performed by us as the Pensioneer Trustee.
You can transfer the value of other pensions to your self-administered scheme. Certain rules cover what type of pension can be transferred, depending on the type of self-administered scheme set up. For example, a Small Self-Administered Scheme (SSAS) can only accept transfers from occupational pensions. Therefore, we would recommend that you consult your financial advisor before taking action.
You can invest in a wide variety of investments to suit your personal circumstances. Examples include: cash, government bonds, property, private equity, stocks and shares and tracker bonds. These investments can be sourced from a wide variety of domestic and international institutions.
Yes, your self-administered scheme can borrow to invest.
All investments must comply with Revenue rules. Revenue imposes two primary restrictions to investments. The first is Self Dealing: Your self-administered scheme cannot sell, lease to, or buy from yourself, your immediate family or your company / employer. The second is Pride in Possession articles: You cannot invest in certain alternative investments such as fine wines, vintage cars, works of art, yachts, race horses, etc. All investments within your self-administered scheme must be at arm’s length, transparent and for the sole purpose of providing benefits at retirement. Otherwise, you run the risk of falling foul of Revenue regulations and jeopardising the tax-exempt status of the self-administered scheme.
Your contributions depend on your age and salary. You can use our calculator to get an indicative quotation of your maximum allowable contribution.
In the event of death, the balance of the self-administered scheme can be passed to the estate. There are various options depending on the self-administered scheme you hold. For example, in the case of an Approved Retirement Fund (ARF), it is possible to pass the scheme to the spouse who can carry on the scheme in their name or just pass it to the estate. In the case of a Small Self-Administered Scheme (SSAS), a lump sum of up to four times the salary can be paid to the estate tax-free. In some cases, this may absorb the full value of the scheme. If not, an annual income for the dependants will be purchased with any surplus monies in the fund.
Our focus is on providing tax-efficient pension schemes to help you and your advisor to plan for your future retirement. We can provide a broad range of services to help you achieve your financial objectives. Our services include: Buy Out Bonds (BOB), Personal Retirement Savings Accounts (PRSA), Approved Retirement Funds (ARF), Small Self-Administered Schemes (SSAS), Pension Consultancy and Compliance Consultancy. For details about these other services, please go to the 'Pension Products' section of our website.
The Normal Retirement Age for a SSAS is 60. Early retirement can be taken from 50 to 59 subject to certain restrictions. The restrictions include ceasing employment and selling your shares if you are a company director.
We will act as your scheme's Pensioneer Trustee and ensure your scheme is administered in line with Revenue rules. A Client Portfolio Executive (CPE) will be assigned to you who will prepare annual accounts for your scheme. Your CPE will work closely with you and/or your advisor to help you with any queries you have.
Contact us on (01) 661 1022 or your account manager to discuss.
Our focus is on providing tax-efficient pension schemes to help advisors plan for their client’s retirement. We can provide a broad range of services to help you and your clients achieve their financial objectives. Our services include: Buy Out Bonds (BOB), Personal Retirement Savings Accounts (PRSA), Approved Retirement Funds (ARF), Small Self-Administered Schemes (SSAS), Pension Consultancy and Compliance Consultancy. For details about these other services, please go to the 'Pension Products' section of our website.
Contact us and we can assign an Account Manager to you who can provide you with more information on our services and products.
First, refer to your scheme's trust deed and establish who has the power under the deed to appoint a new trustee to your scheme. This is often an employer power. A deed of appointment must then be drafted and signed, to formally appoint the new trustee to the scheme. Once the deed is fully executed, the Pensions Board and Revenue will need to be advised of the new appointment.
To organise the appointment of Independent Trustee to your scheme, please contact us or alternatively please complete the Initial Questionaire.
Our fee is based on the type of scheme - defined benefit or defined contribution - and on the number of current members. To get a specific quote for your scheme, please contact us.
- We are independent trustees with no affiliation to any service providers.
- We take a hands-on approach to trusteeship. We will review all claims, transfers, and retirements, etc before finalising.
- We hold at least two trustee meetings yearly. We like to meet with the administrator, investment manager, and employer and member representatives every six months to ensure the smooth running of the scheme. Depending on the size of a scheme or if unusual issues arise (such as a death claim or funding proposals), more frequent meetings may be needed, which we are happy to accommodate.
- We are glad to meet with members or other parties to discuss any matters that arise. We strive to keep the lines of communication open.
- We always look for the practical solution to any issues that arise.
- We have excellent staff with both pensions expertise and years of experience working in the area of trusteeship.
When a decision is to be made, the first point of reference is to the scheme’s trust deed. This will usually clarify who the decision-maker is in that particular circumstance. Where the decision rests with the trustee and the independent trustee is the sole trustee, they should firstly consult with all relevant bodies and, where appropriate, look for expert advice before making a decision. Where the independent trustee acts as co-trustees, they should do the above in conjunction with their co-trustees and then put the decision to a vote. If there is an impasse, the chair of the trustees may often have a casting vote under the deed. The trustees should ensure that a practical solution is decided on. They should also ensure that all decisions are documented along with the reasons for arriving at the decision. This is normally done through minutes.
An independent trustee is generally paid by the employer, but can also be paid from the scheme funds.
We meet with the scheme administrator at least twice a year and have an administration report completed. This meeting and report cover all the possible scheme events that must or may occur each year. We monitor the procedures in place to make sure they are still working. If they are not, we work with the administrator and employer to find a solution.
We maintain a log of all our schemes, which records all the key dates and reporting requirement deadlines. This is reviewed at the start of each month. Regular reminders are issued to ensure that reports, statements or valuations are prepared on time and reviewed, for information and compliance purposes. We work with the scheme actuary, administrator, auditor or investment manager to produce these documents.
We keep up to date with all legislative, regulatory and best-practice changes. We do this by monitoring government, industry and media sources. We also produce our own update guides for our schemes and provide comment on changes or proposed changes.
We can act as co-trustees with other trustees. These can be the existing, new or member trustees. We can also provide a director to be appointed to a trustee company established by the employer company.
In working with the other service providers to the scheme, such as an investment manager, actuary or administrator, we ensure that procedures are in place for all the regular and ad-hoc events that arise on pension schemes.