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Your personal finance questions – Can I buy a property with my PRSA pension fund?

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Q I am due to retire next year and am thinking of buying a property with my PRSA (Personal Retirement Savings Account) pension fund, mainly to use for a rental income. I don’t have enough in my pension so I would like to top it up with a small mortgage. Is this possible with the new IORP pension rules?

A The implementation of IORP II (Institutions for Occupational Retirement Provision) has changed the landscape for pension property investment, according to Glenn Gaughran, head of business development at the Independent Trustee Company (ITC). IOPR II is a European Directive that seeks to enhance the governance and management of pension schemes.


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