INTRODUCTION

Welcome and thanks for checking us out,

It is safe to say that in most cases the UK regulators are quite anal about pension loans and early pension withdrawal. We understand the need to protect consumers from pension scams but there has to be some balance. At the end of the day it is your money and provided pension borrowing is done correctly then it should be allowed. After all you can borrow against your house and other assets so why not your pension fund.

The Americans seem to have it right and it is totally acceptable to take a loan against your pension pot which is called a 401 K.

 

Interest rates are good but the borrowing is regulated and the loan needs to be repaid before retirement. While this money is designated for retirement and there are penalties for withdrawing money most companies allow their employees to borrow from their pension accounts.

ARE PENSION LOANS ILLEGAL

IT IS NOT ILLEGAL OR A CRIMINAL OFFENSE TO DRAW MONEY FROM YOUR PENSION BEFORE THE AGE OF 55

WILL YOU GET A TAX BILL

POSSIBLY AND ESPECIALLY IF YOU TELL PEOPLE ABOUT THE LOAN

ONLY TWO ENTETIES WILL KNOW ABOUT YOUR PENSION LOAN WHICH IS YOU, AND THE COMPANY GIVING THE LOAN

PENSION LOAN TAX PENALTIES

ANY PERSON TAKING A PENSION LOAN "CAN BE" LIABLE TO AN UNATHORISED PAYMENT CHARGE EQUAL TO 40% OF THE LOAN VALUE TAKEN BEFORE THE AGE OF 55, DIRECTLY FROM THE CLIENTS PENSION FUND

THE COMPANY GIVING THE LOAN "CAN BE" LIABLE FOR A SCHEME SANCTION CHARGE EQUAL TO 40% OF THE CLIENTS GROSS PENSION FUND TRANSFER IN

WHAT IS PENSION LIBERATION

THERE ARE NOT MANY INSTANCES WHERE YOU CAN TAKE MONEY DIRECTLY FROM A PENSION FUND PRE AGE 55

OPTION 1

You are critically or terminally ill which must be proven to doctors

OPTION 2

You are a business owner and you transfer your pension fund assets to a Small Self Administered Pension Scheme, and execute a Small Self Administered Scheme loan

ANYTHING ELSE IS PENSION LIBERATION

A SSAS Pension Loan Is Not For Everyone...

But It Can Be A Much Needed Option For A Few!

WHAT IS A SSAS

A Small Self Administered Scheme is a trust based Occupational Pension Scheme, created by a Ltd company and/or Sole Traders usually for its Directors and senior employees. In some cases family members can also be invited to join the SSAS. Directors will always have a greater level of control over how funds are invested, as opposed to a Self Invested Personal Pension or a Personal Pension. One of the greatest features of a SSAS is that it can lend its members up to 50% of its fund value, for certain business purposes and this is HMRC approved

ARRANGING A SSAS LOAN

cap.jpg

STEP 1

Establish your new " NO FEES" HMRC approved SSAS account

STEP 2

Transfer your existing pension fund or combined funds into your new HMRC approved SSAS

* NOT ALL PENSION SCHEMES ACCEPTED *

STEP 3

Your loan is paid out to your nominated bank account

STILL INTERESTED IN A PENSION LOAN?

COMPLETE THE BELOW FORM

WE WILL BE IN TOUCH SOON!

CONTACT US

By our web contact form above

By mail to Kemp House - 152-160 City Road - London - EC1V 2NX

WE ARE NOT FCA REGULATED

Man Trying App_edited.jpg

WHY?

There are a few valid reasons listed below as to why we are not and do not need to be FCA regulated or registered!

*     *     *

 We are a marketing and lead generation company only offering free information on HMRC approved Small Self Administered Scheme loans. We do not give any kind of tax or financial advice and prefer to leave this complex area to industry professionals. If SSAS pension loan funding is right for you then we will put you in touch with a SSAS practitioner who can help you. SSAS funding is a very niche lending product and not for everyone.

*     *     *

Small Self Administered Pension Schemes and Occupational Pension Schemes are not regulated by the Financial Conduct Authority. Personal Pensions and Self Invested Personal Pensions are regulated by the FCA. SSAS and Occupational Pensions are regulated and policed by The Pensions Regulator.

*     *     *

Any SSAS that you are invited to join will be fully HMRC approved and registered with The Pensions Regulator.