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Your Personal Financial Questions – Can I buy a property with my PRSA retirement fund?

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QI am retiring next year and am considering buying a property with my PRSA (Personal Retirement Savings Account) pension fund, primarily for rental income. My pension is not enough, so I want to supplement it with a small mortgage. Is that possible with the new IORP precautionary rules?

A According to Glenn Gaughran, head of business development at the Independent Trustee Company (ITC), the implementation of IORP II (Institutions for Occupational Pensions) has changed the landscape for pension real estate investments. IOPR II is a European directive aimed at improving the governance and administration of pension systems.

https://www.independent.ie/business/personal-finance/your-personal-finance-questions-can-i-buy-a-property-with-my-prsa-pension-fund-41764884.html Your Personal Financial Questions – Can I buy a property with my PRSA retirement fund?

Fry Electronics Team

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