So How Does a Pension Loan Work?

Number of members of occupational pension schemes: by membership typeThe other day I was starting to think about ways to expand the business and my son asked me how an ssas loan worked. Of course we have our own self financed pension plan, in fact I am in it with all of the workers and some people from our families. It is not something that I intended to do at first, but we sort of expanded the plan and it is a bit more than it was ever intended. In fact I suppose that it probably does not fit neatly into any of the categories they have for those plans I suppose. In fact I have no clue what this sort of loan is, but it seems obvious that you would be borrowing with the pension plan as collateral.

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