Why buying a property with your pension just got a lot harder

Tighter EU regulations make the process more difficult – but there are ways around it

Iorp II: property investments are now limited to 50 per cent of the value of an SSAS. Photograph: iStock/Getty

Iorp II: property investments are now limited to 50 per cent of the value of an SSAS. Photograph: iStock/Getty

No tax on contributions to your fund, no tax on rental income and no capital-gains tax if you sell: it isn’t hard to see why owning a property is seen as an attractive way to save for your retirement. But new European regulations have just made the process a lot more complicated, and potentially more expensive. It can still be done however, as we explain.

Why buy property with your pension?

If Irish people love their property, then they also certainly love buying it for their retirement funds. “It’s a particularly Irish thing,” says Tony Gilhawley, founder and principal of Technical Guidance, of the desire to invest in property.

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