Self Administered Pension Schemes (SAPS)
An occupational Small Self
Administered Pension Plan allows the investor
substantially more control over the investment and management of
assets, than would otherwise be the case in a conventional pension
plan.
Know today as "Single Member
plans", these structures allow the investor to take an active part
in the management of pension scheme assets.
Legislation introduced in 2005,
cleared the way for such structures to borrow for the purpose of
investment, a practice which heretofore had been prohibited.
Generally such plans can hold a
variety of assets ranging from deposit account, direct shares,
commodities and property.
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