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Fiona worked for a large multi-national firm for 13 years, during which she contributed to a company pension fund now worth €150,000. Although she is in new employment, she is interested in using her pension fund to buy property worth €210,000.
Matthew is a school principal and is entitled to a pension through this employment which will become payable on retirement. He has no other pension benefits. He is interested in buying property with his pension fund. Can this be done?
Aisling is self-employed and has a PRSA worth €250,000. She also has a Buy Out Bond (or Personal Retirement Bond), which is valued at €40,000. Aisling is interested in purchasing a property worth €235,000 through her pension.
John is 55 years old and owns his own company. He set this company up 25 years ago but has never contributed to a pension with his earnings. He would like to avail of the pension property opportunity, is this possible?
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