Myself and OH (Married w/ 3 kids) I'm pushing 50 and OH early 40s both PAYE with Employer Pensions.
Very high Monthly income and both of us comfortably fully maxed out on contributions.
Mate down the pub during Christmas telling me he has a Self-Administered Pension and bought property through it
..explaining usual pension tax benefits , did highlight the arms length arrangement, fees, higher rates and lower term on the mortgage component etc.
and of course the underlying is Irish residential property
I'm somewhat familiar this was an option but never did any research ......Mate says he does all the work managing the pension side...(the 'Self-Administered' piece is not lost on me)
Is there a recommendation of someone to talk to set this up , is it better to engage an intermediary to mange the pension side of it?
Its just research on the structure have not decided if its right for us yet.
Very high Monthly income and both of us comfortably fully maxed out on contributions.
Mate down the pub during Christmas telling me he has a Self-Administered Pension and bought property through it
..explaining usual pension tax benefits , did highlight the arms length arrangement, fees, higher rates and lower term on the mortgage component etc.
and of course the underlying is Irish residential property
I'm somewhat familiar this was an option but never did any research ......Mate says he does all the work managing the pension side...(the 'Self-Administered' piece is not lost on me)
Is there a recommendation of someone to talk to set this up , is it better to engage an intermediary to mange the pension side of it?
Its just research on the structure have not decided if its right for us yet.