Small Self-Administered Schemes (SSAS) are a type of self-invested pension scheme which are perhaps less well understood than Self-Invested Personal Pensions (SIPP). SSAS Client Manager Rachel Geary joined the Paraplanners' Assembly to offer insights into SSAS as a potential option for clients.
During the hour-long conversation, Rachel compared the more familiar SIPP with SSAS and explained how the two options vary.
As well as providing some basic definitions, Rachel described what sort of clients might best suit a SSAS and described some of the finer nuances between SIPP and SSAS.
Watch this video and learn:
- what a SSAS is
- what a SSAS does
- how it works
- the pros and cons of SSAS
What is a SSAS and why have one?
In addition to the usual tax exemptions available for self-administered pension arrangements, a SSAS can offer other benefits for entrepreneurial business owners.Find out more
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