Pensions and Government Bonds

[DeeKie]

I am self-employed in a parternship. This is the first time I have had to sort out my own pension. I have about €6000 allocated for pensions. I have decided to put this amount into government bonds, instead of an equity based scheme.

This probably sounds a stupid question, but how do I go about this? Who do you ask to buy the bonds for you? Any guidance would be appreciated.

 

[LDFerguson]

You have two options: - (1) pick a pension provider who has a fund that invests in Government bonds. (2) Set up a self-directed pension and then buy the bonds yourself.

 

[DeeKie]

How difficult is it to set up a self-administered fund then? As I assume with the pension provider fund will involve charges etc?

 

[LDFerguson]

Either option involves making your investment decisions (with or without advice) and then filling out the appropriate forms. There are charges involved with either one, which will be determined by how much advice and help you need.