What is a SSAS pension?

A Small Self Administered Scheme - known as a SSAS - is a type of employer-sponsored defined contribution workplace pension scheme that can be independently managed by a company for 11 members or less.

A SSAS is primarily aimed at private and family owned businesses, and they are typically set up by the directors of a business in order to gain more control over how their pension contributions are invested. 

Who are SSAS pensions for?

A SSAS pension is generally for entrepreneurs and directors of privately owned companies or family owned businesses. Companies with a SSAS can be of any size in terms of turnover and profit, but there can be no more than 11 members of the SSAS.

What are the benefits of a SSAS?

A SSAS benefits from the usual features of a more traditional pension scheme, such as a tax free lump sum at retirement, no income tax on permitted investments and no capital gains tax on the disposal of investments.

However, it is the increased flexibility of a SSAS that brings major benefits to its members.

What can a SSAS invest in?

A SSAS pension has the ability to invest in a much wider range of investments than more traditional pension schemes. Assets and investments that can be held by a SSAS may include;

- Loans back to the sponsoring employer

- Commercial property and land

- Agricultural land

- And more

What are the SSAS pension rules?

A small self-administered scheme (SSAS) is a popular type of workplace pension that is independently managed by the company that sets it up. There are some rules - and features - associated with a SSAS that you should be aware of.