Self-administered pension schemes continue to prove very popular for many investors due to the significant advantages they offer over standard pension arrangements.
Benefits include increased control over management and investment strategies, the ability to determine risk levels in accordance with changing circumstances, access to cost effective investments and the flexibility to invest directly in assets such as direct property.
Self-administered pension arrangements are particularly attractive to business owners or senior employees who prefer a more hands-on approach to their finances using tax efficient investment structures.
The implementation of the IORP II Directive in 2021 changed the landscape for self-administered pensions. However, with the subsequent removal of some employer PRSA pension funding restrictions, self-administered pension arrangements have continued to be popular structures to build personal wealth.
Grant Thornton Pensioneer Trustees Limited facilitates self-administered pension investing independently and in conjunction with other pension providers.
Should you have any concerns around the impact of IORP II on your existing self-administered pension we are available to assist.
