Pensions: 3 reasons why you shouldn’t use your pension to fund your business

Pension Retirement Income compensation Office Business Concept We often get phone calls from people wanting to use their pension to help start a business, or indeed plough money into an existing business, which is often facing financial difficulties. In fact, we’ve seen an increase in the number of enquiries of this nature, partly we believe due to Pension Freedom, which gives people over the age of 55 greater access to their pension. It’s also possible that wider knowledge of self-invested pensions has a part to play too. In our view, using your pension ...

Guest blog: How is Pension Freedom working so far?

Taylor PattersonPension Freedom and Choice came into force on 6th April 2015. The way in which individuals could access their pension funds has been dramatically overhauled and as a SIPP & SSAS Provider, Taylor Patterson thought it would share its experience of the new regime so far. Has there been a rush to withdraw money from pension schemes? The headlines suggested that individuals would take all of their pension fund and buy a Lamborghini, however, the reality has been very different. Taylor Patterson, like many other SIPP & SSAS Providers, has not ...

Guest Blog: Fight the good fight

Dentons In his latest guest blog for us, Martin Tilley of Dentons takes a swipe at those people trying to scam and con you out of your hard earned pension pot. There are many reported instances of “cons” taken from the phrase confidence trickster dating back centuries, but the first chronicled use of the word “con man” appears in the trial of William Thompson, a New Yorker who persuaded his targets to lend him their watch for a day, before disappearing never to be seen again. There will always be those who try ...

Guest Blog: Looking for more pension flexibility? Is a SIPP or SSAS the right option?

XafinityIn this month’s blog for Investment Sense, Jeff Steedman, Head of SIPP & SSAS Business Development at Xafinity outlines the key differences between SSAS (Small Self-Administered Scheme) & SIPP (Self-Invested Personal Pension) and what market trends they are seeing in today’s self invested pension market. Emerging trends in 2014 in the SSAS & SIPP world SIPP & DFM (Discretionary Fund Manager) There are many advisers who are deciding against “fund picking” and this is leading to an ever increasing use of DFMs. The low cost “simple SIPP” structure offers the perfect wrapper ...