self investment

self investment
Under the Pension Scheme Act 1983, an employer is limited to self-investment of 5% of the fund's assets. However, this does not apply to a small self-administrated scheme (SSAS). A SSAS may self invest up to 50% in the employer (25% during years one and two of the scheme) provided all the beneficiaries agree. An SSAS is usually established to provide benefits for directors (who also normally act as trustees).

Easyform Glossary of Law Terms. — UK law terms.

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