When to SIPP and when to SSAS

Both Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs) are flexible pension arrangements designed for businesspeople or retired businesspeople.

Defined by HM Revenue & Customs as “Member-Directed” pension schemes, these plans allow members to make decisions about investments, contributions, and withdrawals, often with the guidance of a regulated financial adviser.

Given their similarities, distinguishing between SIPPs and SSASs and determining which is more suitable for your specific situation can be challenging.

Our guideline is designed to clarify the differences and help you make well-informed decisions about your pension options.