Hartsfield Trustee Services

Stock Market Investments

"The stock market is a device for transferring money from the impatient to the patient." Warren Buffett

One of the more popular investment choice for a SSAS is in the stock market and under HMRC rules you are allowed to trade in any FTSE, AIM or OFEX listed shares.

The holdings must be bought in the name of the trustees – or the pension scheme – and be held in a designated pension scheme account. Our corporate trustee, White Horse Trustees Ltd, must be a co-signatory on the account.

The account can be established in one of two ways:

  • On a discretionary basis, where a stockbroker actively manages the investments, or
  • On an execution-only basis, where you select and manage the investments

You have the flexibility to decide which investment manager or stockbroker to use for the investment as long as the firm is appropriately regulated by the Financial Conduct Authority. We partner with several FCA regulated firms. Should you wish to use an alternative firm then additional fees may be incurred as we will need to carry out due diligence.

Unquoted shares

Unquoted shares can be bought by your Hartsfield SSAS. These are defined as “any holding not listed on a recognised stock exchange – either in the UK or overseas”.

This type of purchase can be complex and we will need to talk it through carefully before you go ahead. Unquoted shares can be difficult to dispose of, which may cause problems with the cash flow of your SSAS.

If the purchase of shares is with a ‘connected party’, there will be restrictions on the amount of shares that can be purchased.

Our guidance notes relating to the purchase of unquoted equities can be found here and a link to our unquoted share checklist is here.

Please be aware that White Horse Trustees Ltd and Hartsfield Trustee Services Ltd are not authorised and regulated by the FCA. We cannot therefore provide you with financial advice.