At Goodbody, we get asked lots of questions about combining pensions and property: how can I use my pension fund to purchase a property? Can I buy any type of property? And so, we’ve compiled a short video to help those considering whether to use their pension funds to buy property.
In this video, Martin O’Hora, Director of Goodbody Pensioneer Trustees, explains that in a self-administered pension arrangement, a pension investor can choose the property they wish to purchase – and both residential and commercial property can be acquired.
He also outlines some of the benefits of using a pension fund to purchase property. “Where a property is bought through a pension scheme, the rental income is not subject to income tax and any increase in the value of the property is not subject to capital gains tax when it is sold,” O’Hora says.
To find out more about property investments through a pension fund, watch our short video.