A Small Self-Administered Scheme (SSAS) is an occupational pension scheme designed for small to medium-sized businesses who may wish to have more control over their pension funds. A SSAS can be set up under trust with fewer than 12 members.

Like a Self-Invested Personal Pension (SIPP) for an individual, there is the same flexibility with a SSAS to access a broad range of investments and have greater control over the funds invested in.

This freedom means that directors can use their pension plans to invest in the business. Thus, each member of the SSAS is usually a trustee and other members can be nominated to become part of the scheme, such as family members, as long as the scheme is originally established by a company for the benefit of one of its employees. The members of a SSAS are usually key individuals within a business who are part of decisions on how funds are spent.

*The Financial Conduct Authority does not regulate taxation / trust advice.

*The value of investments (in a pension) can go down as well as up and you may get back less than the amount invested.

Where a client’s circumstances require specialist advice, and the local office does not hold the necessary permission from the Financial Conduct Authority, we can draw on the wider specialist expertise available within Perspective Financial Group Ltd nationally. Many of our financial planners hold advanced qualifications in specialist areas of advice, as well as having decades of experience in solving almost all financial planning related issues.