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Pension

How does it work?

You make two payments per month. One to the lender to repay the interest on your borrowings and another into a personal pension plan. The plan is to build up your pension fund sufficiently to take out enough tax free cash to repay the loan and provide you with a retirement income.

ADVANTAGES:

  1. Has tax advantages as the contributions you make to the pension attract tax relief at the highest rate of tax you pay.

DISADVANTAGES:

  1. You must ensure your pension is well funded so that you have sufficient to repay your loan and provide for your retirement.
  2. The lump sum is paid on retirement which may mean you are paying interest on the loan for longer than 25 years.
  3. You cannot access the pension fund to repay the mortgage until retirement age.

A pension is a long term investment. The fund value may fluctuate and can go down.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but will not be greater that £495.


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Company address:
ARG Financial Services Ltd, Patman House, 23-27 Electric Parade, George Lane, South Woodford, London, E18 2LS
T: 020 8989 9666
F: 020 8989 8818

Email: enquiries@arg-ifa.co.uk

Registration address:
C/o Geoffrey Joseph & Co, TaxSaven House, 7 Granard Business Centre, Bunns Lane, London NW7 2DQ
Registration number: 3825632
Registered in: England

ARG Financial Services Ltd is Authorised and Regulated by the Financial Services Authority.

ARG Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 222497

The FSA do not regulate National savings products, loans, Will writing and some forms of mortgage, offshore funds and inheritance tax planning.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Telephone: 020 8989 9666 | enquiries@arg-ifa.co.uk

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