A small self-administered scheme (SSAS) is an occupational pension scheme set up under trust with fewer than 12 members.
Like a self invested personal pension (SIPP) for an individual, there is the same flexibility with a SSAS to access a broad range of investments and greater control over the funds invested in.
This freedom means that directors can use their pension plans to invest in the business. Thus, each member of the SSAS is usually a trustee and other members can be nominated to become part of the scheme, such as family members. As long as the scheme is originally established by a company for the benefit of one of its employees.