What is a Small Self-Administered Scheme (SSAS)?
It is a Registered Pension Scheme with between 1 and 12 members, usually family members and/or business partners. There is usually a Principal Employer attached to the SSAS.
Who are the trustees?
Who can join?
Anyone, provided they are at least 18 (because they must also be a trustee). Even if there is a sponsoring employer, there is no need for them to be employed by that company.
Investments (other than property)
The value of units can fall as well as rise and you may not get back all of the amounts invested.
The tax treatment is dependent on individual circumstances and may be subject to change in the future.
Trusts advice is not regulated by the Financial Conduct Authority.
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