What is a SSAS?

SSAS (Small Self-Administered Scheme) is a type of pension scheme that is designed for company directors and business owners who want to take control of their pension savings and invest in a wide range of assets. Unlike traditional pension schemes, SSAS allows you to manage your pension fund, make investment decisions, and loan money to your business, subject to certain conditions.

One of the key benefits of SSAS is the flexibility it offers when it comes to investment choices. With a SSAS, you can invest in a wide range of assets, including commercial property, stocks and shares, and alternative investments like renewable energy and private equity. This makes SSAS a popular option for business owners who want to invest in their own businesses or diversify their pension portfolios.

However, SSAS is a complex pension scheme, and it’s important to seek professional advice before setting one up. A financial advisor or accountant can help you understand the advantages and disadvantages of SSAS, and whether it’s the right option for your retirement planning goals and business needs.