Pension funds are built up from contributions which can be made tax efficiently within certain limits.
It is also possible to transfer in pension funds already built up in company schemes or personal pension schemes including SIPPs. When considering a transfer in members need to take independent financial advice from a suitably qualified adviser.
Each member within a Worcester Pensions SSAS has an individual account and will receive regular updates on the current value.
Once the money is invested it grows free of capital and income taxes. Investment returns can add significant value over time.