Thanks for advice so far - I have a supplementary question, can a self administered pension fund subscribe for subordinated shares in (or otherwise invest in) a company established for the purpose of acquiring, refurbishing and selling classic cars?
In princpal... yes, but subject to arms length rules. It cannot be a business linked to the beneficial owner of the SSAP or anyone connected to them. However if in any doubt (any doubt) the Pensioneer Trustee (the independent Trustee) should satisfy themselves that the investment is within the Revenue rules.