A Solid Foundation For Growing Old

Just another brick…

atest press release from Bray’s Platinum Financial, issued on Monday, January 15th 2024…

Thinking about your retirement? Have you considered the potential of buying property in Ireland through your pension portfolio?

It’s an option worth exploring! In this month’s Guide feature, we’ll walk you through the top eight reasons why investors choose property as part of their investment strategy. From the freedom to choose your own property to the tax advantages, there are plenty of benefits to be gained. Let’s dive in!

1. Choose Your Ideal Property
With a self-administered pension, you can select the property you want to purchase. Whether it’s a residential property or a commercial space, you can decide based on your preferences and investment goals. It’s all about finding the right fit for you and your retirement plans.

2. Long-Term Rental Income
Looking for a reliable source of retirement income? Property investments can provide just that. Rental income from your pension property can be a steady stream of long-term income. It’s a smart way to secure your financial future.

3. Tax Relief Boosts Your Purchasing Power
One major advantage of using your pension to buy property is the tax relief you’ll receive. By utilising this relief, you can increase the amount you can spend on your property purchase. It’s a valuable benefit that can significantly impact your investment potential.

4. Tax-Free Rental Income
When it comes to rental income generated from your pension property, the good news is that it’s tax-free. This means you can fully enjoy the rewards of your investment, without any worries about additional tax obligations. It’s a win-win!

5. No Worries About Income Tax Returns
Tired of filing income tax returns for your property? Well, with a pension property, you won’t have to worry about that anymore. Say goodbye to the hassle of financial paperwork and hello to a simpler retirement investment strategy.

6. Non-Recourse Borrowing Options
Need financial assistance to fund your property purchase? Non-recourse borrowing may be available to you. This means that the property can serve as collateral for the loan, giving you more flexibility and potential funding options.

7. No Capital Gains Tax on Sale
When the time comes to sell your pension property, you’ll be pleased to know that there is no capital gains tax to worry about. This means you can fully benefit from any appreciation in property value without any additional tax burdens.

8. Consistent Rental Income for Worry-Free Retirement
One of the best things about a pension property investment is the consistent rental income it provides. This steady income stream can help alleviate any concerns about running out of money during your retirement years. It’s a reliable source of financial stability.

Investing in property through your pension portfolio in Ireland presents a unique opportunity to take control of your retirement fund. With the ability to choose your property, enjoy tax reliefs, and benefit from tax-free rental income, it’s a strategy worth considering. Furthermore, the potential for non-recourse borrowing and the absence of capital gains tax on sale are additional perks. Start planning for your future now and explore the benefits of property investments through your pension portfolio!

Remember, Platinum Financial is here to help you navigate your financial journey. If you have any questions or need guidance, please reach out. Let’s start a conversation about securing your best retirement.

Open Monday to Friday, 9am to 5.30pm, you can find out more Platinum Financial on their website here, about their mortgages here, and book a callback here, or get in touch directly on email here and landline here.