small self-administrated scheme
- small self-administrated scheme
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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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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… … Law dictionary
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… … Law dictionary
SSAS — (abbr. of small self administrated 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… … Law dictionary
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