A Small Self Administered Pension Scheme, or SSAS as it’s more commonly known, offers unrivalled flexibility for individual members and can benefit the sponsoring employer.
The employer establishes the pension scheme by trust deed and invites members to join. The members each become trustees of the scheme.
The SSAS can loan the sponsoring employer up to 50% of the market value of the schemes assets.
The schemes assets can include commercial property and many types of investments which receive tax free growth.
A SSAS can be a business tool as well as a pension scheme.