Appreciation starting from a base of €300,000 (rather than €200,000) that's a substantial selling point.plus any appreciation in the value of the property. That's the selling point.
Appreciation starting from a base of €300,000 (rather than €200,000) that's a substantial selling point.
There would have been 12 years of rental contributions added into the bond to pay off the mortgage. If you left the money in an ordinary bond and it returned 4% per annum, you get €320K. If it returned 5%, it returns €360k.If I should continue with the bond, should I ask for it to me moved into other funds?
On the pension mortgage, I realise there are risks with property but was hoping to buy a one bedroom apartment in a very good location in Dublin that could minimise that risk also allow for a good rental yield. There may be very little capital appreciation though if the price is fairly high at the time of purchase. If there is no capital appreciation and the only real gain is the increase of the fund to 300k , it might be very similiar to the gain that will be achieved with the retirement bond unless you think I am missing something? There does , however, appear to be risk with the bond too given the 12k drop in value a few years ago.
So it seems that the pension property may not be worth much more than the bond on retirement. Does the rental income continue to go into the pension after retirement age, when the mortgage would be paid off? Would this mean the pension property fund would continue to increase in value after retirement age because the mortgage costs would no longer apply (though the broker/ pension provider and management costs would still be there presumably)?
If I should continue with the bond, should I ask for it to me moved into other funds?
I'm 50 soon and I set this particular pension up so that I could retire at 50.
what happens next??
Can the property be used for personal use after I retire? Is there aw ay to take the property into personal use / ownership??
YepSo transfer it into an ARF.....Does an ARF still have the same rules as the pension...ie arms length?
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