What is a Pension Cash Loan?
If you are a Director Shareholder of your own Limited Company and have a private pension fund, then it is highly likely you will be able to invest a percentage of such funds as a loan from your own Pension Fund to your Business.
Have you ever thought that you could do better with your Pension annual growth than what your pension provider does?
Your pension fund is likely to be managed by ‘fund managers’ and you never really know where your money is being invested. It is difficult enough to understand the annual pension statement but it is often obvious how your fund is lacking in growth.
With a Pension Cash Loan, it is possible to transfer your pension fund value to such a fund that is managed by a Regulated Pension Trustee that permits you, as a business owner to transfer a percentage of that fund to your own business as a Pension Cash Loan. Your own Pension Fund will charge your business an agreed annual interest rate that represents the future growth of your Pension Fund. This puts you in control of your pension fund growth and how much interest your business pays to borrow money.
Many business owners find this method of borrowing attractive, opposed to paying the bank interest to borrow money it is more advantageous to pay yourself interest.
The terms of the Pension Cash Loan are set by you, the Pension Owner but normally the term is over a period from 5 to 10 years, resulting in your Pension Fund being replaced, growth of your pension fund controlled by you (and not some unknown manager) and when the loan is settled and should you wish to repeat the borrowing for another business project, then the funds are available all over again.
To see if you qualify for a Pension Cash Loan or wish to know more, please contact me now for free confidential support.
Topic: Pension Cash Loan
Director, Corporate Business Loans
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