Pensions and Investments
We offer a wide range of financial planning services to both corporate and private clients. Services include personal pensions, executive mortgages, business assurance and employee benefits.
Self Administered Pension Fund
Controlling your investments in a tax-free environment
What is a Self Administered Pension Fund?
- A self administered pension fund ("The Fund") is a tax-exempt trust that is established for the benefit of an individual, usually a company director or senior manager
- Pension contributions are made to the Fund by the company. You can also make contributions to the Fund that qualify for personal income tax relief, within limits.
- You can choose to invest in a wide range of investment assets through the Fund and the Fund can also borrow to invest in certain assets such as property.
What are the benefits?
- Payments to the Fund can be made by the company from pre-tax profits. You also receive tax relief at your marginal rate of tax on personal contributions to the Fund, within limits.
- Existing company pension funds can be transferred into the Fund.
- The Fund can be accessed by you from age 50 onwards, with the consent of the company
- A tax-free lump sum of 25% of the value of the Fund can be taken by you at retirement and the balance can be accessed as and when required, with some restrictions.
- You have control over how the assets of the Fund are invested.
- All income and gains earned by the Fund are earned tax-free.
- The Fund can borrow to purchase residential and commercial property, open a deposit account, acquire shares in listed and private companies and invest in funds and bonds.
How does the Fund work?
- A trust is legally established.
- Trustees are appointed, consisting of a Revenue approved pensioneer trustee and the beneficiary, i.e. you.
- An application is made to the Revenue to operate the trust as a tax-exempt pension fund.
- Investments are approved by the Trustees on an ongoing basis.
- Restrictions apply to the choice of investments, level of contributions and benefits and the type of borrowings
