rda - pensions


			Small Self Administered Schemes SSAS is an occupational money purchase scheme set up for a small group of employees (normally directors), up to a maximum of 11. These schemes offer the widest range of investment possibilities, including individual shares rather than insured/collective investments. Investment options include: Making a loan to the employer or an associated company. Buying and selling land or commercial property. Borrowing. Buying or selling an unlisted company's shares. Buying or selling shares in the employers own company or a company associated with the employer. Buying, selling or leasing other assets from or to the company or an associated company.
			A SSAS is therefore useful in providing pensions for employees while at the same time using pension assets to assist the operation of the company. From the member's point of view there is a risk that if the business itself fails this could have adverse consequences for the pension, as well as loss of employment. It is for this reason and the fact that large employer contributions can be made that SSASs are usually restricted to company directors. There are various regulations regarding the operation of a SSAS, particularly in respect of the investments allowed, but otherwise it operates in a similar way to other money purchase company schemes. The trustees of the scheme usually comprise the member directors themselves and an external professional trustee. Contact us today

Small Self Administered Schemes