right_column_top
username
password
right_column_base
  YOU ARE HERE:
HOME >
MORTGAGES >
PENSION
We are proud to be the primary sponsors of the High Post Golf Club

MORTGAGES

Pension mortgage

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 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 to ensure 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.