Your SSAS bank account
Your SSAS bank account receives all payments into your SSAS and is used to pay out all benefits. All cash received is held in your SSAS bank account until it is invested in accordance with your instructions.
The rate of interest that you will earn on money held within your SSAS bank account is variable. The current rate of interest payable is 1.80%.
DP Administration Ltd receives payments from banks based on the aggregate cash balances held across all SSAS bank accounts. The amount that we receive is not fixed and will vary depending on the total cash held and on interest rates. We currently receive 1.40% per annum (as at 01/11/2023). We retain the additional amount shown to keep our administration charges competitive.