Post by stevio on Feb 24, 2017 8:29:17 GMT
I was looking for a pension that allows investment in Peer to Peer platforms
Greyfriars SIPP allows P2P investments, but they have now changed their T&C's and become too restrictive to practically use. There are other SIPP's but they only seem to allow investment in one platform
I became aware of a SSAS and these allowed investment in several P2P platforms. As I have a Ltd Company and it allowed the P2P investments I required, also other benefits, it seemed suitable.
I researched SSAS and became aware that you don't need a professional SSAS administrator to setup and administer. Potentially this could save me £1k/yr but more importantly, the choice of P2P platforms is not restricted by the Professional Administrator or likely to be further restricted in the future.
There is some admin involved, but I currently complete the vast majority of admin for my Ltd myself (VAT, PAYE etc) and it appears no more intensive than that
I was wondering if anyone else has experience in this area, setup and run a SSAS themselves?
I am NOT looking for help:
- that merely says - seek professional advice
- whether P2P is the correct investment vehicle to use
Greyfriars SIPP allows P2P investments, but they have now changed their T&C's and become too restrictive to practically use. There are other SIPP's but they only seem to allow investment in one platform
I became aware of a SSAS and these allowed investment in several P2P platforms. As I have a Ltd Company and it allowed the P2P investments I required, also other benefits, it seemed suitable.
I researched SSAS and became aware that you don't need a professional SSAS administrator to setup and administer. Potentially this could save me £1k/yr but more importantly, the choice of P2P platforms is not restricted by the Professional Administrator or likely to be further restricted in the future.
There is some admin involved, but I currently complete the vast majority of admin for my Ltd myself (VAT, PAYE etc) and it appears no more intensive than that
I was wondering if anyone else has experience in this area, setup and run a SSAS themselves?
I am NOT looking for help:
- that merely says - seek professional advice
- whether P2P is the correct investment vehicle to use
