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Pension

Armstrong Financial Planning does not give advice on Mortgages/Equity Release

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.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Armstrong Financial Planning does not give advice on Mortgages/Equity Release.

Mortgage & Equity Release
Mortgage Calc

Armstrong Financial Planning Ltd is An Appointed Representative of Sesame Ltd., which is authorised and regulated by the Financial Services Authority

Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427. The FSA do not regulate National savings products, loans, Will writing and some forms of Buy To Let mortgages, offshore funds and inheritance tax planning.

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

Registration address as company address
Registration number: 4601374
Registered in: England & Wales

Armstrong Financial Planning Ltd
Suite 4, Duxbury Court, 42a Preston Road, Standish, Wigan, Lancashire, WN6 0HS

Tel: 01257 425544Fax: 01257 425171