Purchasing a Property with your Pension Fund

There has never been a better time to purchase a property through your pension.

Property prices are rising and there is a strong rental demand especially for residential property in Dublin and surrounding areas.

If you have pension assets built up, it could be a good time to consider using some of your assets to purchase a property. From a tax point of view this makes total sense as the rental income and the capital appreciation of the property are both tax free. All contributions into a pension fund are a tax write off.

If you are a Company Director, or an employee and you have pension assets and you are interested in this type of financial vehicle then call us at 01 8700370.

Ireland's Only Specialist Lending Facility for Self Administered Pension Funds

Buy a residential or commercial property for your pension fund?

Use your Pension Fund to provide 50% of the cost of the property and borrow the other 50% at a great rate

Contact Colm @ Cregan Kelly O'Brien to learn more

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Cregan Kelly O'Brien have partnered with ICS/DILOSK to provide Ireland's only lending facility to self administered pension funds.

Why Choose Cregan Kelly O'Brien for Pension Advice

Colm Kelly - Financial Planning & Advice

Why Cregan Kelly O'Brien?

Collaboration sits at the heart of our offering. Taking an overall view of your financial situation and challenges enables us to help you make better choices.

We bring our expertise in insurance, financial planning and accounting together to enable us to work with you to address all of your insurance and financial challenges. As a result of taking this broader look at your affairs, we can ensure that all the solutions that we put in place fit together, maximising the benefits to you and ensuring that costs are kept as low as possible.

10 Reasons why now is a good time to buy an Investment property through your pension

  1. You decide on the property that you wish to purchase and use your own contacts and knowledge;
  2. to help obtain a suitable property, as you are not borrowing to purchase a property, you are considered a cash buyer and you should be able to complete the purchase of the property far quicker, also hopefully at a lower price than someone who is looking to get mortgage approval.
  3. Both residential and commercial property can be acquired;
  4. Property prices are still far below the levels they were in the boom;
  5. There is strong rental demand on residential properties and the commercial property market is picking up;
  6. There is no tax payable in respect of the rental income received from the property and this is paid tax free into your pension fund;
  7. There is no capital gains tax if you sell the property in the future, you can if you wish hold onto the property after you retire and draw down your 25% from other pensions assets that you hold;
  8. Payments you make into a pension fund still receive tax relief at the higher tax rate;
  9. Any expenses incurred re the purchase of the property e.g. solicitor’s costs, auctioneers fees, stamp duty along with expenses in carrying out a refurbishment or fitting out of the property can be paid directly out of the pension fund. Also the cost of water charges and property tax can also be paid directly by your pension fund;
  10. Two people can pool their pension assets together to purchase a property e.g.: 2 Directors;
  11. At retirement 25% of the total value of your pension assets can be taken as a tax free lump sum subject to the max of €200,000.

Setting up an Small Self Administered Pension and Buying a Property



You need existing pension funds, a lump sum or mortgage approval from a financial institution. Cregan Kelly O'Brien can assist in pension fund transfers, or obtaining mortgage approval.

Revenue Approval

Cregan Kelly O'Brien will arrange and collate all the documentation required to submit to the Revenue for approval - which typically takes 5-6 weeks.

Identify Property

Identify the investment property, this can be a residential or commercial property, and can be in Ireland or the UK (other countries require revenue approval)

Purchase the Property

The property is purchased on behalf of the SSAP. All transaction related fees/duties are paid from the fund account.

Rental Income

All Rental lncome must be lodged into the fund account, and is  tax free.

Setup SSAP

A special purpose vehicle (in effect a pension trust) must be set up to own and run the property. Cregan Kelly O'Brien can organise the setup of the SSAP and appointment of the trustees.

Transfer Funds

Transfer existing pension funds or lump sum into SSAP. Cregan Kelly O'Brien can ensure you get maximum value from your existing pension funds.

Instruct a Solicitor

It's entirely up to you to appoint whichever solicitor you wish for the purchase of the property. Solicitors fees and stamp duty can be paid for by the SSAP.

Pensioneer Trustee

The Pensioneer trustee acts as overseer for the transaction, and ongoing income/expenses.

Expenses are written down

Solicitors costs, auctioneers fees, stamp duty, property management costs, refurbishment/cleaning costs, water charges, and property taxes are paid by the SSAP
Contact Us Now for More Information

Fund Performance Illustration

YearProperty ValueRental IncomeInvestment IncomeFund ExpensesFund ValueRate of ReturnIncrease in Fund
Year 1 €315,000 €15,000 €0 €7,772 €322,772 5.18% €22,700
Year 2 €330,750 €15,750 €466 €3,584 €358,383 12.44% €39,254
Year 3 €347,288 €16,538 €1,845 €3,930 €392,957 9.65% €34,229
Year 4 €364,652 €17,364 €2,837 €4,302 €430,151 9.47% €36,882
Year 5 €382,884 €18,233 €3,879 €4,701 €470,096 9.29% €39,545
Year 6 €402,029 €19,144 €4,973 €5,129 €512,929 9.11% €42,405
Year 7 €422,130 €20,101 €6,122 €5,588 €558,795 8.94% €45,407
Year 8 €443,237 €21,107 €7,328 €6,078 €607,845 8.78% €48,560-
Year 9 €465,398 €22,162 €8,594 €6,602 €660,239 8.62% €51,870
Year 10 €488,668 €23,270 €9,924 €7,161 €716,144 8.47% €55,346

Increase in property value based on 5% per annum
Rental based on 5% of property value per annum
Fund expenses based on 1% total fund value per annum
Investment income based on reinvesting rental income in a fund with a return value of 6%
The above figures are for illustration only.
The value of investments can go down as well as up.
There is no guarantee that you will achieve the above stated figures.

Comparison with a Traditional Pension Fund

A good return from a fund is 6.88% per annum over 10 years. (source Zurich Life Dynamic Fund 27th October 2015).
€304,000 invested over 10 years would give you a return of €623,709. That's  almost  €93,000 less than you would return from our illustration, and you have complete control over your investment.

Key Benefits of a SSAP

- A Summary


A SSAP allows the member to control where their assets are invested.


All assets are held off balance sheet under a trust readily identifiable for the beneficiary


A member can clearly see what assets are in the scheme and what the associated costs are.


The scheme is portable between employers without liquating assets,  and easily replace the Pensioneer Trustee. Assets can be transferred to a self administered retirement, or ARF without liquating assets


A member can borrow to purchase an asset for the SSAP.


A SSAP is usually less costly than a traditional pension scheme.


Not being part of a group/corporate pension scheme gives you greater confidentiality in terms of benefits.
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Contact Us
Financial Planning
Colm Kelly
T: +353 1 870 0370
E: colm@ckob.ie

Tommy O'Brien
T: +353 1 883 9020
E: tommy@ckob.ie

Financial Life & Planning Limited T/A Cregan Kelly O'Brien Financial Planning are responsible for handling all aspects of Financial Planning for individuals and business owners including advice on Pensions and Retirement planning , Saving and investments , Life and Serious Illness cover and Income Protection cover and business protection  offered on this website. Finance Life and Pensions Limited is regulated by the Central Bank of Ireland.

About Cregan Kelly O'Brien


In 2007 Maurice Cregan and Colm Kelly established CK Financial Services to provide financial planning and advice to business owners and individuals. Tommy O'Brien, a General Insurance expert, then joined them in 2010, enabling them to meet the full financial needs of their clients. Financial Life & Planning Limited would deliver Financial Services, and O'Brien Cregan Kelly Insurances would deliver Insurance Broking services. Two Business Names were registered Cregan Kelly O'Brien Financial Planning and Cregan Kelly O'Brien Insurances

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