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.
---
*Not financial advice. Consult qualified professionals.*