SSAS – Small Self-Administered Scheme.

The SSAS is ideal for small businesses (up to 12 members) who wish to build their own pension portfolio and have full control of the management of their funds before and after retirement.

With a range of contribution options and portfolio choices, SSAS pensions are especially good for small businesses as they enable you to invest in the employing company's shares or in property occupied by it (and pay rent back to the fund).

SSAS's are fully supported by the tax authorities, they also provide tax savings for directors.

SIPP - Self Invested Personal Pensions.

This is the self employed person's version of the SSAS. If you are willing to manage your own pension assets, there can potentially be further tax savings for yourself and also greater flexibility with your money both before and after you decide to retire.

Some of the major benefits of SIPP's are increased investment flexibility, and a greater range of investments such as the ability to invest directly in property. This makes it ideal if you are looking for more individual control and to self manage your fund.

Compare Pension Plans !

If you are self employed or a director of a small business, Forum advisors will be able to advise you about the differences between SSAS's and SIPP's to ensure that you choose the one that is right for you.