Small Self Adninistered Schemes (SSAS)
If you are at high management level or run your own company a corporate scheme may suit you better. A SSAS is an occupational scheme and therefore requires a sponsoring company.
A SSAS is similar to a SIPP in that you can invest in bank accounts, gilts, shares (listed and private), individual or bespoke commercial property/commercial property syndicates, discretionary share portfolios, corporate bonds and structured products. Additionally loans can be made to the sponsoring company, however since 2006 these now need to be secured.
Pension contributions can be made from the sponsoring company or personally and a firm of scheme administrators is required to administer the scheme.
There are similarities between SIPPs and SSASs and we are pleased to provide advice as to which would be best for you should you wish to take control of your pension!