To find out more about the Dentons Small Self Administered Scheme (SSAS) and the type of investments that you can hold please click on the frequently asked questions below.
Once the SSAS has been established and registered with HMRC, funds can be paid into the Trustees’ bank account by way of contributions from the sponsoring employer (and sometimes from members) and transfers from Members’ other pension schemes (which will be in the form of cash and/or acceptable assets).
Further contributions can be made as and when required. The Trustees invest the funds prudently (as required under trust law) to try to achieve growth in the form of, for example: interest, dividends, income (such as rent from leasing commercial property to a tenant) and capital growth.
The value of a Member’s interest, or ‘share’, in the SSAS fund will depend on the contributions and/or transfers paid in by, or for them, their share of any investment growth (or loss) and any relevant payments made from the SSAS for them (e.g. lump sum and pension payments and partial transfers to other pension schemes).
If Members are to share in the overall performance of the investments in the SSAS fund, each Member’s share at any time will be a certain percentage of the entire SSAS fund. Alternatively each Member’s share can be linked to the performance of particular investments but this would require the agreement of all Member Trustees and recorded in a Trustees’ resolution.
The amount of the benefits that a member can receive will depend on the value of their share of the SSAS fund at the time they decide to take benefits. Dentons will advise the Trustees of the value of each Member’s percentage share of the SSAS fund in the Member’s Annual Statement.
We designed the Dentons SSAS to provide the Member Trustees with investment flexibility from an extensive range of potential investments. We will consider most investments, but there are some we do not allow.
Please download a copy of our Permitted Assets to find out more:
We would recommend that the Member Trustees seek financial advice before making any investment decisions. Dentons will not provide advice on the suitability of assets however, we reserve the right to refuse to hold any proposed investment.
Please note: If the Member Trustees are considering higher risk investments such as Unregulated Collective Investment Schemes (UCIS), they must complete the relevant Investment Questionnaire.
Whatever your retirement needs, one of our experts will be happy to discuss how we can help you achieve your goals.