More on SSASy

I know that you cannot cover everything in a small article but there are many SSAS schemes that are for family companies where several of the same family may be members.

You give the impression that if anything is left in an SSAS after the age of 75 and it is allocated to another connected member then it is treated as an unauthorised payment. Is that right?

If that other member is a member of the common pooled fund in the SSAS and his/her pension benefits are under-funded then surely that funding gap can be made good by re-allocating within the pool.

This assumes that after 75 the member who had died took a scheme pension for what you call greater income flexibility than that provided by an alternatively secured pension.

Name supplied

David Seaton replies:

At any crystallisation event (commencement of alternatively secured pension...