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Self Managed Pension

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  • 09-03-2012 11:09am
    #1
    Jimmycooker
    Registered Users Posts: 66 ✭✭


    Hi,

    I have a small company and I am interested in setting up a self managed (no middle man) pension for myself.

    Am i correct to say that pension contributions can be made from my business into my pension tax free, is there a limit to what i can put into my pension each year?

    Once the money is in the pension can decide how the money is used / invested?

    I want to benefit from the following:

    1.) Tax free pension fund contributions
    2.) No unaccountable middle man taking a big cut / gambling with my money
    3.) Ability to use the money in my pension fund to invest whereever i see fit, stocks, property etc.

    Is this possible and how would i go about it?

    Thanks,
    James.


Comments

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    #2
    srsly78
    Registered Users Posts: 7,157 ✭✭✭srsly78


    Can't do it. You are forced to use a certified middleman if you want to avail of the tax breaks. You can still do a "managed" pension with a middleman, but they charge silly fees.

    So the only way to actually do it would be to get qualified yourself, which involves crazy stuff like CQFA etc, and then get a licence?


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