Cryptocurrency
20/08/2023
Whilst a SSAS is the most flexible type of pension arrangement, permitting investment into a number of non-standard asset classes, the FCA has previously issued warnings regarding investing in Cryptocurrency.
As a result of this, we have always considered Cryptocurrency as extremely high risk and is usually unsuitable for retail investors. Although permitted under HMRC rules, we strongly caution our clients against using this asset class for their pension scheme investment.
To protect their customers from fraud and financial crime, we are also aware that a number of banks have now stopped allowing payments to Cryptocurrency exchanges thereby removing the ability to make such an investment.
Would you like to find out more? Get in touch with our team!
Email us on enquiries@whitehallgroup.co.uk or call 03302 232 300