Small Self-Administered Schemes – commonly referred to as SSAS – are Registered Pension Schemes established under Trust.
Each member of the SSAS will be a Trustee. This means that the Trustees i.e. the members themselves control the scheme and its investments.
The Trustees can invest in a wide range of assets such as quoted and unquoted shares, bank deposits or Government backed assets and bonds.
One particularly important benefit is the ability to invest in the sponsoring employer. This is a self-investment and could be achieved by purchasing a commercial property and leasing it back to the employer at a commercial rent, by granting a secured loan to help with the business expansion.
A well-established SSAS can benefit both the sponsoring business and provide a substantial pension benefit for its members.
ProsperSSAS is a product available through ProsperSIPP LLP.
The Scheme Trustee and the Scheme Administrator of ProsperSSAS is Bespoke Pension Management LLP. Bespoke Pension Management LLP is an Independent Company authorised by the Pension Scheme Services Division of HM Revenue and Customs (HMRC) to act as Scheme Practitioner for Small Self-Administered Schemes (SSAS).
ProsperSSAS and Bespoke Pension Management are not authorised to provide regulated financial advice and recommend that before making a decision regarding this service and investments you should contact your independent financial advisor. Unlike Self Invested Personal Pensions (SIPP) SSAS schemes and their promotion are not regulated by the Financial Conduct Authority.