small self-administered scheme

small self-administered scheme
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 and one and two of the scheme) provided all the beneficiaries agree. A SSAS is usually established to provide benefits for directors (who also normally act for trustees).

Easyform Glossary of Law Terms. — UK law terms.

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