Estate Agent Barkingside, Essex ~ Letting Agent Barkingside, Essex ~ House and Flat Rentals Barkingside, Essex ~ Property Valuation Barkingside, Essex ~ Property Buyers Barkingside, Essex ~ Landlords Barkingside, Essex ~ Property Vendors Barkingside, Essex
Call us on 020 8551 5333
or email us on enquiries@janicechissick.co.uk
Quick Search:
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:
- Has tax advantages as the contributions you make to the pension attract tax relief at the highest rate of tax you pay.
DISADVANTAGES:
- You must ensure your pension is well funded so that you have sufficient to repay your loan and provide for your retirement.
- The lump sum is paid on retirement which may mean you are paying interest on the loan for longer than 25 years.
- You cannot access the pension fund to repay the mortgage until retirement age.
Past performance is no guide to future returns. The value of investments can fall as well as rise.
Chissick Estates - 4 Carlton Drive, Barkingside, Essex, IG6 1LU
Tel: 020 8551 5333Fax: 020 8551 5337Email: enquiries@janicechissick.co.uk
Property To Rent Barkingside, Essex ~ Property For Sale Barkingside, Essex ~ Property To Let Barkingside, Essex ~ Residential Property Barkingside, Essex ~ Residential Lettings Barkingside, Essex ~ Property Sales Barkingside, Essex ~ Flats Barkingside, Essex ~ Houses For Sale Barkingside, Essex