ssas takeover - retirement capital our partners are ssas consultants with extensive experience in...
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18 Soho SquareLondonW1D 3QL
Email: [email protected] Tel: 0330 311 008
SSAS Takeover
Retirement Capital is an innovative partnership that brings together the best industry brains to help you build retirement capital.
The Retirement Capital platform allows you to transfer your current SSAS to a better, secure, and more rewarding way of building your retirement capital.
If you use online banking for your personal finances, then we are the rights administrator for you. We are built on technology and offer an unrivaled service which makes high charges, paperwork and tepid customer experience a thing of the past.
ABOUT US
Retirement Capital is a partnership that uses financial technology to administer your SSAS in a smart, simple and secure way.
Our partners are SSAS consultants with extensive experience in their field. Our business partners and key network partners are listed on our website.
Retirement Capital can provide a range of services to support the growth of your SSAS, including banking, financial services, property investment to name but a few. You can access the services you want without any tie ins simply.
We are pleased to announce the first phase of our service for UK SSAS clients, helping them build a rich and rewarding future.
SSAS clients with other providers can transfer to Retirement Capital for a new and better online experience. This guide sets out how we do this.
We hope you enjoy reading our guide.
Why UsFixed costs and no tie in at any stage
We do not tie you into a contract, we do not charge if you ever leave us. We offer complete transparency and fixed, agreed cost.
Cutting edge technology powers your SSAS
We use the latest financial technology and innovation to manage your SSAS. As we are built on technology, we can offer terms which are unrivalled in the market.
Amazing customer service experience
You will be looked after by a dedicated administrator, who knows you and your needs. Supporting that administrator will be a technical and consultancy team you can access at any time. You will have online support outside normal office hours and are free to meet with us to discuss your needs.
Protection
We are insured for the work we perform, this is covered by our professional indemnity insurance. The work we undertake through our technology provides coverage of £1 million for each and every customer. We also provide extensive data risk insurance cover for each and every customer. We use class leading technology and ensure protection of data through Azure.
Enjoy the growth of our services.
Developments in technology provides greater choice for SSAS customers. Unlike other financial platforms, we are built solely for the SSAS market and with that the range of services and experience will be tailored for your needs. From integrated tax reporting, to share dealing and property management; these will all form part of the Retirement Capital platform as our new phases complete. We are launching with phase 1 now, look out for more additions in phase 2 and 3. Our technology pack is available from our fintech team.
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Simple and Clear
Pensions can be confusing, but we have made the process jargon free. Whether you are choosing to make a contribution, or investing the whole process is designed to cut the red tape using a simple system of communication.
Online support is available in your members account, low call phone numbersand a dedicated administrator can help you every step of the way.
Our online team works at weekends, so if you are surfing on a saturday afternoon, we are there for you every time.
As your circumstances changes, so does your demands of us. We offer a price and service plan that changes in line with your needs.
Secure
In an age when protection of data is of paramount concern and importance, we have designed and developed Retirement Capital with this foremost in our mind.
We run on the Azure Cloud, which is a Microsoft cloud application and used by governments and major industry. Azure meets a broad set of international and industry-specific compliance standards, such as ISO 27001, HIPAA, FedRAMP, SOC 1 and SOC 2.
We have strict limited access controls so only certain authorised can perform certain tasks and critical backup operations. Data is backed up continuously and we have inbuilt notifications so we are alerted early to any attempted infringements.
When you sign up to the Retirement Capital platform you
can upload your current SSAS to the platform online.
This is enabled through a unique electronic signingprocess, developed in conjunction with Docusign, which is
the World's No.1 software system for authentication services, user identity management and workflow
automation signing.
Through our technology, we contact your current SSAS provider and with your authorisation, obtain the documentation we need to complete a scheme takeover to your Retirement Capital account.
We keep you updated through email or if you prefer, an SMS message to your mobile the progress of your takeover.
Once we have completed the formalities with your previous provider you can view online all your holdings on your dashboard. You will see an immediate forecast of your future
fund value, tax free lump sum and income and this changes as your funds grow. It takes up to 30 days to complete a takeover of your SSAS from another provider.
Your investments will appear online once uploaded.
Upload your SSAS
Your dashboard provides a gateway for you to manage your Retirement Capital.
These options include your business, property, investment funds and term deposits through a secure gateway.
Your business - you can view and manage any business loans you have through your dashboard, and apply for a new SSAS loan online.
Property - If you invest in property the rental income will be credited to your SSAS bank account which will show on your dashboard. You can also search commercial property, and instruct on new property through your platform account.
Investments funds* are only in regulated funds backed by regulated financial advice. Valuations and changes will appear in your platform account.
Deposit accounts are protected under the Financial Services Compensation Scheme (FSCS) are only with UK providers. The latest rates are available online.
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*Investment funds will be transacted through your regulated financial advisor and managed through yourdashboard where API is available.
Transferring property from a previous provider
Where you invest in property, that property may also be registered in the names of your current provider's trustee company.
We provide you with the option, if you require, for our trustee services to be added to your property; in the vast majority of cases we are not required to be on the title deeds.
We provide a property re-registration pack which removes your current provider from the property title and will file any changes with the land registry, your mortgage company records and any leases you have in place. This process takes around 2 weeks for us to complete. You will not incur any stamp duty or taxes for property re-registrations. Any mortgage you have will also not be affected.
We monitor collection of rents, investment property income and you will see these credits in your cash account online. The cash you build up can be used for new investment, paying property expenses, such as your mortgage - you remain in complete control. We provide notification of any lease, and other changes - our forthcoming property app is developed specifically for SSAS clients with property.
PAYING MONEY IN
Your dashboard tells you how much has been paid into your SSAS and calculates what scope there is for further contributions.
Once you make the contribution, you will see your new cash balance the next working day and you can invest your money straightaway.
Regular or one off payments can be paid at any time to your SSAS account.
TAKING MONEY OUT
From age 55, you can take as little or as much of your money that you wish and have this paid to you anywhere in the world!
You complete a simple and secure online instruction and this activates the payment to your nominated bank account the same day. You will receive a security check confirming the payments details.
For security reasons, the scheme bankers can only pay money to a bank account in your name or to a joint account. If you retire overseas, we will pay pension income gross and you will account for that tax at a local level.
We handle (online) the payment of any income tax due and will issue you at the end of each year a P60 showing what tax has been paid.
KEEPING IN TOUCH
We offer support, so that you are not restricted to 9-5 or response times through email.
This is ideal for customers who want an immediate response to your needs. Many customers we have found tend to look at their pension planning occasionally and outside normal working hours. Our online chat and different support levels has been configured to meet your exact needs. Reflecting this, we offer three service levels:
CORE : Provides online support day, evening and weekends. Platform management and investment of funds. All reporting, tax return and online scheme administration by our servicing team.
MANAGED – offers all of the core service plus a dedicated administrator and consultant to help you get on the right track with a personal one to one service.
BESPOKE - gets all of the above plus technical, and taxation specialists for planning. This is often used for people who want to fast track the growth of their retirement capital and need tax planning assistance around this.
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