I am thinking of investing in self-administered pension plan. I don’t want to depend of restrictive pension offered from life assurance companies. I want to control it myself and I am perfectly capable to do so. How can I regulate a self-administered pension plan? What can you tell me about it?
Pension plan you are interested of is mostly used by company’s directors and key employees. Self-administered pension plan is a trust run by trustees, and they have full control of it. This pension fund can be used for buying assets. Payrolls to this pension fund are usually locked in until retirement. That’s why that secured scheme gives no access to these assets before retirements.
