Description
Small Self-Administered Scheme (SSAS) is a type of retirement plan (pension fund). It is a pooled ‘occupational’ arrangement with fewer than 12 members – typically the directors and officers of the principal employer.
A SSAS is often considered the most flexible of all pension schemes. It can offer greater convenience than establishing separate Self-Invested Personal Pensions (SIPPs) for each member, because in a SSAS one arrangement (‘the scheme’) allows all of the members to share in the benefits under a single charging structure, rather than setting up multiple individual plans.