SSAS is an acronym for small self administered scheme, they are a type of company pension scheme. In case you are a director of your entrepreneurial as well as a small to medium enterprise you must consider this type of vehicle.


Why? The SSAS is aimed at company managers or small family run companies who want the most control over where their pension contributions are invested. The pension is set up under trust - you should make a trustee to ensure you abide by the tenets of trustee service and the scheme there are a number of specialized firms that will give up a set.


Once the scheme is set up you are able to bring in other pension funds to finance the company pension and pay into the plan on a regular basis either by a lump sum or monthly premiums.


Once there are assets in the scheme you are able to invest in a wide selection of vehicles including land, gold, stocks, corporate bonds, property, cash and loans.


The last element - loans is one edge as loans can be made by the scheme to the company.


SSAS pensions needs to be looked at for single or a few managers wishing to pool their present pension funds and use them without the standard investment constraints applied when investing via a pension having an pension provider. The loan element can work in the favour of the company as it could for example purchase the company premises or make use of the loan to finance either components of the business enterprise.


There are number of restrictions concerning loans from a SSAS before considering this type of vehicle and you must take advice.