IORP II Directive - Impact on Occupational Pension Schemes.

[Designjet]

Hi Guys,

can someone give me advice on this recent directive.

My pension is a self directed pension with a single apartment in Dublin, no borrowings, bought during the downturn and pretty good rental agreement in place.
My trustees are Wealth Options (they are new to me) (a decent AMC agreed)

I am now in the process of using a new pension set up with my Limited Company to buy a commercial property. Again no borrowings and I'm expecting a decent rent roll as its located in and around the Dublin area.

My question is: Does this directive affect me in any way??

Thanks

DJ

 

[Steven Barrett]

There is a limit on how much a self administered pension can hold in unregulated investments such as property. That cap is 49% of the value of the fund.

Steven
www.bluewaterfp.ie

 

[Designjet]

Hi Stephen,

Thanks for that. my first property has a rental account with a decent cash balance.
The second property has contracts signed and a new tenant about to commence a tenancy, so I believe I'm outside of these new directives

thanks

M