Blog: The changing face of self-investment

Some of you may remember Joint Office Memorandum 58, which clarified the rules for self-investment. It was very basic but also very radical. The Finance Act 1973 made it possible for controlling directors to join occupational schemes and the small self-administered scheme (SSAS) was effectively created for this purpose. The main governing document issued in the mid 1970s was Joint Office Memorandum 58, which allowed for investment in commercial properties and also loans to the sponsoring employer as an alternative to investing money in insured funds. However, being an occupational ...