Bitcoin Self-Custody in UK Pensions 🧵

If you believe self-custody Bitcoin is the optimal asset, what can you do with capital TRAPPED in a UK pension system?

Before 2021, UK pensions could access Bitcoin through derivative instruments in SIPPs. Then January 6, 2021: FCA banned crypto derivatives for retail investors.

The SSAS Solution 🔑

Small Self-Administered Scheme (SSAS) = the ONLY pension vehicle allowing direct Bitcoin investment with self-custody in post-2021 UK.

Why SSAS works:

✅ You become trustee with direct investment control

✅ Direct Bitcoin investment (not derivatives)

✅ Avoids FCA ban entirely

✅ Established legal framework

Pension Scheme Comparison:

SIPP: Bitcoin banned (derivatives), no self-custody

Workplace Pension: No Bitcoin access, no self-custody

SSAS: Direct Bitcoin investment, self-custody achievable

Trade-offs: SSAS has higher costs & complexity, but offers full control.

How to Execute: The 7-Step Process

Phase 1: SSAS Setup

1. Create limited company & business bank account

2. Establish SSAS with experienced administrator

3. Complete HMRC compliance procedures

Phase 2: Bitcoin Acquisition

4. Transfer existing pension funds into SSAS

5. Set up account with FCA-regulated crypto exchange

6. Purchase Bitcoin on behalf of pension scheme

7. Create self-custody deed & transfer to hardware wallet

Critical Success Factors

📋 Document everything for compliance

🏦 Use FCA-regulated exchanges only

👥 Work with experienced pension administrator

⚖️ Maintain trustee obligations throughout

The Bottom Line

SSAS isn't for everyone - it's complex and expensive. But if you have significant pension capital and believe in Bitcoin self-custody, it's currently the ONLY compliant path in the UK.

Self-custody doesn't remove fiduciary responsibilities. You're still a trustee with legal obligations.

But you achieve something impossible elsewhere: true Bitcoin sovereignty within your pension.

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*Not financial advice. Consult qualified professionals.*

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Wise 🫡