Release cash from pensions for business loans

Cash from pensions for business loans

Do you have clients who own Limited companies and wish to raise capital?

We recently launched a product aimed at business owners which allows their businesses to access their pension money for virtually any purpose.

We now have a new product which will accept funds from £50K and charge lower fees.
Click here for details.

Bear in mind, if your clients wait to receive their pension beyond age 55, most will be taxed. Using this scheme can allow them to access cash now (potentially invest in their own business instead of a managed fund) and consider alternative tax strategies.

This scheme is more attractive and accessible to more of your clients. If you have not yet considered using a scheme such as this, it’s worth reading on so you have the concept clear in your mind should the opportunity arise.

If you want more detail we can arrange for someone to explain it to you – call 01902 585052

Features
• This is a pension–led business funding product that complies with HMRC rules and FSA requirements
• There are no initial costs for your client to find out how this scheme might benefit their business
• 100% of the pension(s) fund(s) can be transferred however any loan or lease facility will require a residual pension balance to be in place at all times
• No age limit
• Funds can be used for many different purposes, for example:

• Fund capital growth
• Refinancing
• Business opportunities
• Commercial and business loans
• Business start up
• Repayment of directors’ loans

Your clients could benefit if they:

• Want to inject cash into their business
• Have been turned down by their bank
• Have been offered terms which are too restrictive
• Have a low credit rating or difficulty proving affordability

Qualifying pensions
Client should have one of the following types of pension fund worth in excess of £50,000?

• Occupational pension scheme
• Private pension plan
• Group pension plan
• Small Self Administered Scheme
• Self Invested Personal Pension
• Protected Rights
• Income Drawdown

Application process

1. Complete the brief referral form
2. The advisors will contact you or your client to discuss the scheme
3. The whole process will be managed for you
4. You will be provided with regular updates

Please talk to your clients about options to release money from their pensions before age 55. We are finding many self employed people are keen to take advantage of this scheme.

www.promisemoney.co.uk

01902 585052