Small Self Administered Scheme  

Advisers face 'painful times' as transfer rules arrive

In 2018, advisers told FTAdviser the registration of new Ssass was taking more than three months. But in May 2019, registration times dropped from months to weeks.

Tilley said: "With the new scheme registration process sometime taking three or four months from application and the transfer process not able to commence until registration is confirmed, realistically a transfer to a new scheme may not complete for  six months following creation of the scheme. 

"Advisers must therefore plan ahead and the need for a Ssas might potentially exist for their corporate clients, it would be wise to create one now."

amy.austin@ft.com

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