Using Pensions to secure business finance at this difficult time
- 16th April 2020
Forrester Boyd and Forrester Boyd Wealth Management are working together to provide businesses with the advice they need to secure finance during this difficult time.
If you are trying to secure business finance then make sure you are considering the option of using your pension fund to look at either buying your business premises to release a cash injection into the business or to provide a commercial loan back to the business.
This area requires specialist advice both from a qualified pensions adviser and your accountant. Forrester Boyd and Forrester Boyd Wealth Management are uniquely placed to give you both perspectives and provide the combined advice that you require.
One of our pension partners Denton’s has allowed us to use their case studies to illustrate how this option of releasing equity can help.
These case studies look at how a Self-Invested Personal Pension (SIPP) could be used to purchase part of a firm’s business premises and release cash into the business, to assist with cashflow or remove borrowings from a business.
A Small Self-Administered Scheme (SSAS) can also be considered for Limited Companies which may be able to either purchase property or arrange a loan back to the company.
Visit the Dentons Pensions website to read more case studies
The information above does not constitute as advice, please contact us should you require specific advice based on your individual circumstances. A Pension is a long term investment the fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.
Any news or resources within this section should not be relied upon with regards to figures or data referred to as legislative and policy changes may have occurred.