Old flame: Why advisers are reconnecting with SSAS

Pension-led funding opportunities proving popular

clock

Advisers have rekindled their passion for SSAS as pension-led funding opportunities become more popular, writes Mark Canning. Here he outlines some key factors advisers should consider

Despite being available since the early 1970s and representing a market worth £26bn, the small self-administered scheme (SSAS) has often been overshadowed by its younger self-invested personal pension (SIPP) sibling. However, an increased awareness of "pension-led funding" opportunities, coupled with the pensions freedom reforms introduced in April, has helped to put SSAS firmly back in the spotlight. But aren't SSAS the same as SIPP, I hear you ask. Well, in short, no! While pension simplification in 2006 brought SIPPs and SSAS closer together, the SSAS retains some unique feature...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How public sector pensions impact divorce proceedings

How public sector pensions impact divorce proceedings

'The ripple effects of the McCloud Remedy continue to be felt in divorce proceedings'

Vanessa Gardiner
clock 15 April 2025 • 5 min read
Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read
UK workers regret not learning about pensions sooner

UK workers regret not learning about pensions sooner

Over half admit to feeling out of their depth, research finds

Isabel Baxter
clock 08 April 2025 • 2 min read