A major benefit of an SSAS is that it can offer more flexibility on where the money can be invested.
This can include investing in assets that aren't generally available for many other types of scheme. For example, an SSAS is able to buy the company’s trading premises and lease them back to the company.
Subject to certain terms and conditions, it might also lend money back to the company and buy the company’s shares.
An SSAS can also borrow money, subject to terms and conditions, for investment purposes. For example, the SSAS might raise a mortgage to help the scheme buy the company’s premises. And the mortgage repayments might then be all or partly covered, by the rental income the company pays the SSAS.
All the SSAS assets are held in the name of the trustees.
The scheme’s rules will say whether each member is allocated an ‘individual pot’ or whether the assets are pooled and each member holds a proportion of the scheme’s assets.