Case study: The hidden risk of a single member SSAS without a professional trustee

I'm used to seeing unusual circumstances cross my desk when it comes to a SSAS that has been set up absent of professional advice or a professional trustee being involved. In my experience, these scenarios often result in challenges later down the line, that could have been avoided had the scheme appointed a professional trustee or additional trustees. This case study highlights a real scenario recently encountered, which clearly demonstrated why relying solely on a single member and not having a professional trustee can create administrative, legal, and compliance challenges that could ...