Pete heard via social media that he could save money on fees and invest using his SSAS by acting as his own Scheme Administrator. Unfortunately, he made an investment that led to a HMRC investigation and he received a tax penalty of £340,000. By the time he called us it was too late. We have many years of experience in helping clients avoid costly mistakes and would always urge anyone who has a SSAS to use a Professional Trustee and Scheme Administrator.