Small Self-Administered Scheme
Investments
The member trustees control the funds in the SSAS and are free to appoint the investment adviser of their choice to help take advantage of the wide range of investment opportunities open to them.
This information relates to the Rowanmoor Pensions SSAS. Please note that this list of investments is not exhaustive. if you are in any doubt whether an investment is acceptable or not, always refer to Rowanmoor Pensions before proceeding with the transaction.
| Investment Opportunities | Prohibited Investments |
|---|---|
| Commercial property | Residential property (including ground rent) |
| Land | Unsecured loans to the principal employer |
| Shares in private companies | Antiques |
| Secured loans to the principal employer or participating employer(s) | Rare books and stamps |
| Secured or unsecured loans to unconnected parties | Oriental rugs |
| Quoted equities on the London Stock Exchange | Furniture |
| Quoted equities on recognised worldwide stock exchanges | Fine Wines |
| Gilts, Bonds and Fixed Interest Stocks | Works of art |
| Investment trusts | Vintage cars |
| Unit Trusts and Open Ended Investment Companies | Yachts |
| Insured pension funds | Jewellery and gem stones |
| Bank and Building Society deposits | Krugerrands |
| Offshore managed funds | Loans to member trustees or their families |
| Futures and options | Plant and machinery |
| Copyrights | |
| Gold bullion |
There are no limitations on the sale or purchase of assets to or from member trustees or other connected parties but these transactions must be at arm's length
Trustees must be careful to ensure that the purchase or sale of any asset complies with the trust deed and rules of the SSAS and is in line with the scheme's overall investment strategy. Whilst it is not essential for a SSAS, it is recommended that trustees agree a statement of investment principles and make investment decisions in accordance with those principles. A statement of investment principles should include the:
- objectives of scheme;
- policy for choosing investments;
- type of investments to be held;
- balance of different investments;
- risk associated with the investments;
- expected returns;
- policy for realisation of investments.
Whilst HMRC does not generally interfere in the way member trustees invest a SSAS's assets, it will if tax avoidance is suspected, or if an investment appears to breach the main purpose of the SSAS, which is, to provide benefits for its members. It is therefore important to demonstrate that all investments are genuine and made in the interests of the members and their beneficiaries.
This information relates to the Rowanmoor Pensions SSAS. Please note that this list of investments is not exhaustive. If you are in any doubt whether an investment is acceptable or not, always refer to Rowanmoor Pensions before proceeding with the transaction.