buying property as a pension

[antoinette]

My husband has his own company but hasn't set up a pension yet. Can anyone advise if it is possible to buy a property (possibly in France ) and that this would act similar to a pension fund. He isn't keen on setting up a PRSA

 

[RainyDay]

He isn't keen on setting up a PRSA

Why? Has he considered the risk that comes with having all his retirement eggs in one basket (a single French property) as opposed to having them spread across a number of different investment types (stocks/bonds/property) and regions as he would get with a prsa or other pension fund?

There are some options for investing a single property like this through a pension fund (self-administered pension fund). Other posters may be able to provide more details on this.

 

[antoinette]

Thanx for reply. We don't know very much about self administered pensions. Could you have a number of different types investments in the self administered fund, like some property, bonds shares etc

 

[RainyDay]

Thanx for reply. We don't know very much about self administered pensions. Could you have a number of different types investments in the self administered fund, like some property, bonds shares etc

As far as I know, yes - see this key post for more information. It may help other posters to help you if you provide a bit more background, i.e. age, amounts available for investment etc.

And I wasn't being nosey when I asked about why he isn't keen on PRSA's. I was just challenging what may well be an off-the-cuff reaction - this is a very important financial decision for you. The comfort & lifestyle of the last 20/30 years of your life will depend on this. Make sure you do your homework and have good reasons for whatever option you choose.