SSAS Administrator

SSAS Administrator North London / Finchley / Hybrid £28,000 plus benefits A multi-office, award winning wealth management firm currently requires an experienced SSAS Administrator to join its friendly and vibrant team, on a hybrid basis, being based in the office in North London 3 days per week. SSAS Administrator Job Description A SSAS Administrator is required to carry out the day-to-day administration of the Small Self-administered Schemes managed by the company This comprises of: Onboarding new SSAS applications, including: • Collating data from new application forms and drafting scheme documentation • Registering the Scheme Administrator and SSAS with HMRC online • Setting up the SSAS bank account • Monitoring the SSAS application and dealing with any arising queries • Setting up the SSAS with The Pensions Regulator • Setting up the SSAS with the ICO • Assisting with the transfer in of a client’s existing pensions Onboarding SSAS takeovers, including: • Obtaining the existing SSAS records from the outgoing administrator • Analysing and drawing up a deed of removal, to remove any corporate trustee • Dealing with any changes required to the Scheme Administrator • Removing the outgoing administrator from the SSAS bank account • Reviewing the existing SSAS assets and removing references to the outgoing trustee • Switching The Pensions Regulator accounts to company • Dealing with property transfers General SSAS maintenance, including: • Liaising with SSAS clients • Maintaining SSAS records on XPlan • Dealing with information requests, including bank balances • Transfers out • Death of a member • Change of SSAS trustee or sponsoring employer • Change of addresses • Setting up/renewing an LEI • Assisting with VAT returns, for SSASs that are VAT registered • Updating HMRC online and The Pensions Regulator with changes to SSASs • Dealing with the establishment of a life policy in a SSAS • Instructing disinvestments from client investment portfolios • Assisting clients with the payment of invoices • Maintaining fund split records • Assisting with the completion of application forms for new SSAS investments SSAS Invoicing, including: • Maintaining the invoice spreadsheet • Requesting monthly invoices • Checking SSAS bank balances and drawing up payment instructions • Sending invoices out to clients • Chasing unpaid invoices Pension Scheme Returns, including: • Writing to clients to request data for pension scheme returns • Liaising with accountants to prepare pension scheme accounts • Analysing bank account transactions • Collating data on our Scheme Accounts Template • Submitting the pension scheme return online with HMRC before deadline of 31st January Member Crystallisations including: • Dealing with client signed paperwork • Valuing the SSAS • Liaising with external payroll providers, to deal with income tax payments to HMRC and net income payments to client • Liaising with Vintage Asset Management to disinvest and send funds back to the SSAS bank account, to cover income • Dealing with payment instructions for tax free cash and/or income • Updating internal records The Pensions Regulator, including: • Completing SSAS returns • Updating client data when there is a change in the SSAS • Setting up Direct Debits to pay the annual levy Bank Account Maintenance, including: • Making changes to signing arrangements • General bank account maintenance • Setting up additional (savings) accounts • Dealing with instructions for withdrawals on notice account • Drawing up payment instructions and obtaining client signature Property purchase/transfer, including: • Collating Property purchase questionnaire • Liaising with Solicitor on all aspect of the transaction • Checking the VAT position on the transaction and registering the SSAS for VAT if applicable This role offers a rewarding environment for motivated individuals eager to develop their expertise within the financial services industry while delivering outstanding client support.