Financier urges farmers away from property

FARMERS have been advised that investment in pension funds offers considerable advantages over property and business investments.

At the Positive Farmers Conference at Limerick, Killian Keane of Davy Stockbrokers advised farmers to keep in mind the tax perspective when making investments.

He said they should compare the benefits from tax-free growth in pension funds to the income from a business venture or rental income from property, both of which can incur 42% tax liability.