Pension

Your home may be repossessed if you do not keep up repayments on your mortgage.

Past performance is no guide to future returns. The value of investments can fall as well as rise.

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.

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Trigon Financial Solutions Ltd - MARQUIS HOUSE, 68 GREAT NORTH ROAD, HATFIELD, HERTS, AL9 5ER

Tel: 01707 251 253Fax: 01707 251 254Email: info@trigonsolutions.co.uk

Registered Office: Magnus House, 60 St. Leonards Street, Hatfield, Stamford. PE9 2HU
Registration number: 4643439
Registered in: England

Trigon Solutions Ltd is part of The Trigon Solutions Group of Companies.

Trigon Financial Solutions Ltd is an appointed representative of Landmark IFA Ltd, which is authorised and regulated by the Financial Conduct Authority. Firm reference number 225538.

You can check this on the Financial Services Register by visiting the Financial Services Register's website www.fsa.gov.uk/register/firmSearchForm.do or by contacting the Financial Services Register on 0845 606 1234.

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