Pension Transfer Advice – Laurence’s Story

Pension Transfer Advice

Laurence's Story

Laurence set up a company many years ago and he used a company pension scheme to provide a loan for capital into the business.  The company would have to pay the loan back, plus interest.  Trading has been difficult recently and the repayments were becoming unaffordable.  Laurence asked Audley to review an old final salary pension.  We advised Laurence that he would be able to release a tax-free lump sum which would be sufficient to repay the loan, and ensure that the business could continue to trade at a profit.  The remaining fund was sufficient to pay him a comparable income to the final salary scheme in retirement.

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Audley Asset Management Pension Transfer Advice Laurence

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