A method includes providing a silicon-on-insulator wafer (e.g., an ETSOI wafer); forming a sacrificial gate structure that overlies a sacrificial insulator layer; forming raised source/drains adjacent to the sacrificial gate structure; depositing a layer that covers the raised source/drains and that surrounds the sacrificial gate structure; and removing the sacrificial gate structure leaving an opening that extends to the sacrificial insulator layer. The method further includes widening the opening so as to expose some of the raised source/drains, removing the sacrificial insulator layer and forming a spacer layer on sidewalls of the opening, the spacer layer covering only an upper portion of the exposed raised source/drains, and depositing a layer of gate dielectric material within the opening. A gate conductor is deposited within the opening.