Celebrating 50 years of the small self-administered scheme

Savers have had the flexibility to align investments with personal interests

clock • 4 min read

July marks a significant milestone in the world of retirement planning as we celebrate the 50th anniversary of the introduction of small self-administered schemes (SSAS), Martin Tilley reflects…

In July 1973, the UK government introduced SSAS as a flexible pension scheme, allowing business owners, directors and senior executives to have more influence and investment flexibility over their retirement planning. These more flexible investments included commercial property, shares, and even loans to businesses. This flexibility has not only provided the opportunity for diversification but has also enabled individuals to align their pension investments with their personal interests and expertise. The schemes have also played a part in the development and growth of many small businesses....

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