UK Small Self-Administered Scheme (SSAS)

A Small Self-Administered Scheme (SSAS) is a Registered Pension Scheme under the UK’s Finance Act 2004 that can be established by the owner / directors of Small and Medium-sized Enterprises (SMEs) that are registered in the UK.

A SSAS can have a maximum of 11 members, all of whom are required to be trustees and all of whom will control investment strategy. A SSAS is generally set up for the provision of retirement benefits for the owners and directors of a business, as well as other senior staff and sometimes also certain family members, regardless of whether they work for the company.

One of the key features of a SSAS that sets it apart from other pension schemes, particularly SIPPs, is its unique ability to offer a secured lending facility to the scheme’s principal employer or other participating employers. It can also acquire commercial property, including the principal employer’s trading premises and then lease it back on commercial terms.

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