Investment Choice
The investments allowable for a SSAS are very similar to a SIPP. The Trustees of the SSAS may make choices about what assets are bought, leased or sold, and decide when those assets are acquired or disposed of, subject to the unanimous agreement of all trustees.
The range of assets permitted by HMRC includes :
- Stocks and shares listed on a recognised exchange(s)
- Futures and options traded on recognised futures exchange
- Authorised UK unit trusts and OEICs and other UCITS funds
- Unauthorised unit trusts that don't invest in residential property
- Investment trusts subject to FSA regulation
- Unitised insurance funds from EU insurers and IPAs
- Deposits and deposit interests
- Commercial property (inc. hotel rooms, with certain restrictions)
- Traded endowment policies
- Derivative products such as a Contract for difference (CFD)
- Gold bullion, which is specifically allowed for in legislation nbsp;
Investments currently permitted by primary legislation but subsequently made subject to heavy tax penalties include :
- Any item of tangible moveable property (whose market value does not exceed £6,000) - subject to further conditions on use of property
- other exotic assets like vintage cars, wine, stamps and art
- Residential property
Read more about this topic: Small Self Administered Scheme
Famous quotes containing the words investment and/or choice:
“There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Our choice is clear,
we may share
your choice,
declare
meaning and rhythm and grace
in each daily act.”
—Hilda Doolittle (1886–1961)