Advice needed please.
I have been made redundant recently and started my own business which I’m happy to say has been going well. I recently was looking at what to do with my pension from my previous employment and have decided that I would like to invest in a property in Dublin as part of my pension plan. Keeping all the arms lenght rules of course. The property in mind would be a 2 bed flat that could be rented and all rent minus management fees would accumulate into the fund.
From my limited understanding and research I believe in order to do this I would have to set up a Small Self Administered Pension (SSAP). What I wondering about is the administration/trustees fees to expect in setting this up and if there are any entry fees ? Who are the players in the market ? What to look out for ? All advise and pointers welcome.
MikeM
I have been made redundant recently and started my own business which I’m happy to say has been going well. I recently was looking at what to do with my pension from my previous employment and have decided that I would like to invest in a property in Dublin as part of my pension plan. Keeping all the arms lenght rules of course. The property in mind would be a 2 bed flat that could be rented and all rent minus management fees would accumulate into the fund.
From my limited understanding and research I believe in order to do this I would have to set up a Small Self Administered Pension (SSAP). What I wondering about is the administration/trustees fees to expect in setting this up and if there are any entry fees ? Who are the players in the market ? What to look out for ? All advise and pointers welcome.
MikeM