Forthcoming pension reforms unveiled by the Chancellor, George Osbourne, mean that it will soon be possible for eligible pension holders to withdraw 25% of their pension fund tax-free, to do with as they please.
Withdraw 25% of your pension fund tax free!
Forthcoming pension reforms unveiled by the Chancellor, George Osbourne, mean that it will soon be possible for eligible pension holders to withdraw 25% of their pension fund tax-free, to do with as they please.
A couple of things they could do are offset this money against their residential mortgage, saving them interest which could either reduce their monthly out-goings or shorten their mortgage term.
They could also use it to start or expand a buy-to-let property portfolio which would hopefully provide them with an income as well as capital growth. If you’re approaching 55 years of age and this is of interest to you then let’s have a chat now.
Click here to contact Mitchell Mann for a no obligation chat.
Kind regards,
Mitchell Mann, MM Mortgages
- Selling a House in a Trust After Death: What You Should Know - April 18, 2024
- Maximising Your Home’s Potential: The Ultimate Renovation Checklist - April 16, 2024
- Key Tips on Managing Your Property Portfolio - April 16, 2024
