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Your clients can buy residential property in Ireland, England or Wales through their Synergy pension (except Synergy PRSA) or approved retirement fund.
When your client invests in this Self-Directed Option, a policy cash account will be set up within your client's policy to facilitate their Self-Directed Options and from which payments are credited and deducted. The policy cash account is provided by a third party deposit provider. For further information, see the Key Features documents, Self-Directed Options guide (SYSD01), and Your guide to Direct Property (SYDPG).
The interest rate payable on the policy cash account is 0.00% AER*.
*As at 5 August 2015.
Your client chooses the property and Standard Life arranges the purchase and management of the property on behalf of your client's policy, so all dealings must be done through Standard Life.
For more information, please email our Property team Property_team@standardlife.ie or call them on (01) 639 7140. Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.