What can the SSAS Trustees invest in?

The new simplified tax regime imposes few restrictions on the type of asset that the SSAS Trustees of schemes can invest in, although there will be tax charges in relation to certain types of investment – for example, those aimed at taking value out of the pension scheme. There will also be tax consequences of investing in taxable property which includes residential property and personal chattels.

There is a single set of investment rules for tax purposes, applying to all types of scheme, although schemes will of course remain subject to any relevant Department for Work and Pensions, Financial Conduct Authority or other general restrictions outside tax law.

General trust law requires the SSAS trustees to act prudently, conscientiously and honestly when making decisions in respect of the scheme. SSAS trustees should at all times act in the best interests of scheme members in their capacity as trustees and not as employees, shareholders etc. Trustees should always seek independent financial advice.

SSAS Trustees can invest in a broad range of investments, including:

  • Commercial property and land including farmland
  • UK quoted shares, stocks, gilts and debentures
  • Stocks and shares quoted on a recognised overseas stock exchange
  • Futures and options quoted on a recognised stock exchange
  • OEICs, unit and investment trusts
  • Hedge funds
  • Insurance company funds
  • Bank and building society deposits
  • Investment grade Gold bullion
  • Secured loans to participating employers

Contact us for more about SSAS Trustees.

0 comments on “What can the SSAS Trustees invest in?
  • SSAS and Legal Entity IdentifiersWhat are Legal Entity Identifiers and Does Your SSAS Need One? From 3rd January 2018 it will be a requirement for legal entities and structures to obtain a reference called a Legal Entity Identifier (LEI) from the London Stock Exchange in order for the trustees of a SSAS to carry on investing. This» Read More
  • Mr M.P.On retirement, I had a mixture of personal pensions, the remains of a final salary pension scheme and a pension fund pot from a Group Money Purchase Scheme. I was uncertain as to what I needed to do and how to go about doing it, which led me to turn PML for honest advice and guidance. PML sorted out my complex pension arrangements.
  • SSAS – A solution to a business succession problemTwo directors with different goals A long established engineering Company client of ours traded from premises that were owned personally by two directors.  Each director held a small number of insured Personal Pension Plans. Director A wanted to set a firm date for his retirement.  Director B wanted to remain in service» Read More