When investors and advisors talk about self-invested pensions most naturally think about SIPPs, or Self-Invested Personal Pensions to give them their full name. But we shouldn’t overlook the SIPP’s lesser known cousin, the SSAS (Small Self-Administered Scheme).
There are a few specific occasions when a SSAS can be preferable to a SIPP, especially when a group of investors are buying a commercial property or when a loanback is required.
Many investors and advisers often avoid considering a SSAS in the mistaken belief that it is more costly and complex than a SIPP, neither of which is necessarily true.
Test your SSAS knowledge
To help highlight the benefits of the SSAS those clever people at Barnett Waddingham have put together ‘SSAS Essentials’, a quick quiz which will allow you to test your SSAS and wider pensions knowledge.
Click here to take the ‘SSAS Essentials’ quiz now and why not leave a comment below and let us know how you get on?
Improve your SSAS knowledge
Once you’ve taken the Barnett Waddingham quiz why not read more about how a SSAS could work for you? We’ve written a number of articles about the subject, including:
Our team of Independent Financial Advisers are experienced in advising clients on their SIPP and SSAS options.