Hi Guys, Thanks for the reply. More info.
So, my company provides professional services and does not require any investment going forward. I am the sole employee.
I have a self directed pension with a fully owned apartment in a good location (Dublin) generating 24K in rent per year. (value has increased by 150k from when I purchased it in 2010). The value of the pension is 500K approx and growing.
I have a couple of streams of income so the fees into my professional company are generally untouched and have grown since 2016.
My plan is to use the funds which are just resting in the company and purchase a property (commercial or residential) and to grow the funds by the rental income of say 20K per year minus tax at 20%. (I believe this is the tax rate)
My future plan is to maximise funds in the company and then to liquidate the professional company at the age of 55+ and avail of the tax relief of 750K.
My Pension allowances are boxed off as mentioned above.
I would plan on selling the property pay the relevant CGT a couple off years prior to the liquidation.
Any further advice?
DJ