ablender
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Post by ablender on Mar 26, 2017 19:11:56 GMT
Is there anyone who knows how to go about borrowing against a pension pot?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 26, 2017 19:58:46 GMT
Is there anyone who knows how to go about borrowing against a pension pot? ablrate;-)
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ablender
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Post by ablender on Mar 26, 2017 20:21:24 GMT
Is there anyone who knows how to go about borrowing against a pension pot? ablrate;-) I'm not sure they will be interested about the sum I need. It is a relatively small pot and the sum is just in low 10s of thousands.
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stevio
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Post by stevio on Mar 27, 2017 17:42:57 GMT
I'm not sure they will be interested about the sum I need. It is a relatively small pot and the sum is just in low 10s of thousands. I think it was a joke, Ablrate has offered several loans secured against property purchased via a loan against a pension, suggesting they might be familiar I think you can only borrow upto 50% of the pension, it needs to be secured lending, normally via a SIPP or a SSAS, at a commercial rate and normally the setup and admin fees are costly so only worthwhile for very large pension pots Alternatively you might want to look at selling your investments outside of a pension too your pension fund, which might give you the same overall result. Again you need a pension that allows this though
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