How is a SSAS regulated? 

In addition to being uniquely flexible, a SSAS is a very secure method of accumulating retirement savings and three regulators are in place to safeguard these: 

• HMRC who regulate the establishment of the scheme, the amounts that can be paid in and out of the scheme and the investments it can make. They also set the tax rules governing the SSAS based on the legislation under Part 4 Finance Act 2004 and the Finance (No.2) Act 2023 and the Finance Act 2024.  In addition there are the regulations introduced by The Pensions (Abolitions of Lifetime Allowance Charge etc) Regulations 2024. The Pensions (Abolitions of Lifetime Allowance Charge etc) (No.2) Regulations 2024 and The Pensions (Abolitions of Lifetime Allowance Charge etc) (No.3) Regulations 2024 are currently going through parliamentary process and anticipated to take effect from 16th November 2024.
• The Pensions Regulator who oversee the operation of the scheme, the treatment of its members, the governance and oversight of our company. 
• The Information Commissioner's Office (ICO) who regulate the control of personal data.