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Small Self-Administered Scheme (SSAS)

A SSAS is a company scheme where the members are usually company directors or key staff. A SSAS is set up via a trust and the rules allow members - who act as trustees over the scheme - greater control and choice over the scheme’s assets.

A SSAS is subject to many of the same rules and benefits as a SIPP, including:

  • Contributions and tax relief
  • Wide range of investment options
  • Flexible pension benefit options

What are the main benefits of a SSAS?

Control – as members are trustees, the SSAS operates – with our expert administration and support – under their control. And because investment decisions are not constrained, there is scope to make less conventional investment decisions.

Borrowing – subject to certain conditions, a SSAS can borrow up to 50% of the value of the scheme’s assets

  • Loan backs – because as SSAS is an employer sponsored scheme, it can make loans of up to 50% of the fund value to the employer, providing that the loan plus all interest due is secured as a first charge on assets put up as security. Loans to third parties can also be made and are subject to fewer restrictions
  • Funding – an employer can fund the scheme without needing to specify how contributions should be applied in certain circumstances. This enables the common trust principle under the SSAS to prevail, giving trustees a degree of flexibility that is not possible with a SIPP. Funding can be linked to company profits and can vary year on year
  • Cost – a SSAS can be cheaper for multiple members than multiple SIPPs

Who can apply?

A SSAS is an occupational scheme and any employee can be asked to join it, however, it is generally aimed at company directors and other key senior staff.

How do I apply?

Our expert Business Development team is on hand to discuss your needs and help you set up a SSAS that’s right for your company.

Contact them on businessdevelopment@alliancetrust.co.uk to arrange an appointment.

Risk Warnings

Investments can go down as well as up and you might not get back what you invested. Taxation privileges of pensions are dependent on individual circumstances, are not guaranteed and may change in the future. If you are unsure you should seek financial advice.