Employers who wish to provide defined benefits to key staff may organise these through the format of a Defined Benefit Small Self-Administered Scheme (DB SSAS). A DB SSAS will provide the trustees, if eligible, with similar investment flexibility to a traditional money purchase SSAS.  Pension benefits will, of course, be provided in the format of a defined Scheme Pension from Normal Retirement Age. 

The pension scheme's actuary will calculate the contributions required to meet the benefits promised. A DB SSAS should be funded on a cautious basis to ensure that the defined benefits granted are funded sufficiently.  Regular actuarial valuations are required to check that the funding remains adequate - or whether further contributions from the employer are needed.

Nigel Sloam & Co provides actuarial services and consultancy to DB SSASs, employers and trustees - including advice on contributions and funding requirements.

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