S.S.A.S. (Small Self Administered Scheme)
Small Self-Administered Scheme (SSAS) is a type of retirement plan (pension fund). It is a pooled ‘occupational’ arrangement with fewer than 12 members – typically the directors and officers of the principal employer.
A SSAS is often considered the most flexible of all pension schemes. It can offer greater convenience than establishing separate Self-Invested Personal Pensions (SIPPs) for each member, because in a SSAS one arrangement (‘the scheme’) allows all of the members to share in the benefits under a single charging structure, rather than setting up multiple individual plans.
SSASs are regulated by the Pensions Regulator
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
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