475. Investment-regulated pension schemes.

Specific provision is made for investment-regulated pension schemes, more commonly known as small self-administered schemes ('SSAS') and self-invested personal pensions ('SIPPs'). A registered pension scheme which is not an occupational pension scheme is an investment-regulated pension scheme if any member of it (or a person related1 to such a member) is or has been able (directly or indirectly) to direct, influence or advise on the manner of investment or any of the sums and assets held for the purposes of an arrangement under the pension scheme relating to the member2. A registered pension scheme which is an occupational pension