A quick answer for anyone who's nodded along in meetings without quite knowing. A SSAS (Small Self-Administered Scheme) is an occupational pension set up most often by the directors of a business.
A director told me recently he'd paid rent on the same unit for eleven years and never once asked who owned the freehold. Once he saw where that money could have been going instead, it wasn't really a decision, more a formality.
When I speak with business owners about pensions, many are surprised to learn that the right pension structure can play a more active role in their wider business strategy. For many conventional pension arrangements, that may indeed be the case.
Inheritance Tax (IHT) is changing, and for many families, business owners and individuals with significant pension wealth, now could be a good time to review existing plans.