Craig McKernon
Craig McKernon
Registered with Property118.com
12th April 2017
Total Posts
0
Total Comments
18
Registered with Property118.com
12th April 2017
Total Posts
0
Total Comments
18
Reply to comment left by Rose Rose at 07/07/2020 - 21:07
The key to the loanback to the company is the security. In our situation, the loanback was secured against a first charge over our unencumbered home - importantly, it was secured against the "sales proceeds" of our home and NOT...
Read More →1st May 2020, 6 years ago
The only thing that jumps out to me here is the possibility of "Freehold and Leasehold" - with a single company not being able to hold both. Just a thought.
Read More →Reply to comment left by Michael Groves at 01/09/2019 - 08:37
Hi Michael 5 Years is actually the maximum period - you can arrange the loan for any period up to 5 Years. Our personal preference is for 1 year at a time - we use the loan to buy a...
Read More →Reply to comment left by Mark Alexander at 29/08/2019 - 08:50
Reply to the comment left by Mark Alexander at 29/08/2019 - 08:50Hi Mark I'm afraid that I have zero experience with EPUTS so not in a position to offer any useful guidance, however, if you go to sippclub.com and search...
Read More →Reply to comment left by Richard Peeters at 28/08/2019 - 08:47
Reply to the comment left by Richard Peeters at 28/08/2019 - 08:47My understanding is that it is a HMRC Guideline, so it would be applicable to ALL SSAS Schemes - falling outside of the HMRC Guidelines could have a massive...
Read More →Reply to comment left by Vero streetflat at 27/08/2019 - 23:51
Glad to hear that your experience with SSAS Practitioner has also been a good one Vero. You have also explained the "loan security" aspect very well, ie, the security is over the "sale proceeds" of the residential property, not the...
Read More →Reply to comment left by Peter Gorton at 27/08/2019 - 23:02
Reply to the comment left by Peter G at 27/08/2019 - 23:02Hi Peter Your SSAS Pension can own assets that give a commercially viable return - such assets are commercial property, land etc. IT CANNOT DIRECTLY OWN RESIDENTIAL PROPERTY. Please...
Read More →Reply to comment left by Richard Peeters at 27/08/2019 - 13:22
Reply to the comment left by Richard Peeters at 27/08/2019 - 13:22Your welcome
Read More →Reply to comment left by Richard Peeters at 27/08/2019 - 13:14
Reply to the comment left by Richard Peeters at 27/08/2019 - 13:14SSAS Practitioner, based in Leicestershire - our experience with them has been great - their help/guidance is continuously received as we pay an annual subscription. We can ask as...
Read More →Reply to comment left by Richard Peeters at 27/08/2019 - 12:38
Reply to the comment left by Richard Peeters at 27/08/2019 - 12:38The creation/setup of the SSAS is pretty straight forward and can be completed in a few weeks. The creation of a bank account for the SSAS took a few...
Read More →27th August 2019, 7 years ago
Hi Richard, I will try to explain. 1. YES - My personal pension was originally from a high street provider - I transferred my pension fund pot across to my newly created SSAS Pension 2. YES - My wife and...
Read More →Reply to comment left by Jeremy Johnson at 19/08/2019 - 15:22
Correct.
Read More →Reply to comment left by Jeremy Johnson at 19/08/2019 - 12:18
My wife and I are the only trustees and we complete the administration of our SSAS, however, we dont do anything without running past the team at SSAS Practitioner.com. Due to the fact that they have been supplying this service...
Read More →Reply to comment left by Jeremy Johnson at 19/08/2019 - 12:00
We used the services of SSAS Practitioner.com to help us set up our SSAS Pension, and continue to use their annual subscription service to ensure that everything we do, stays within the strict HMRC guidelines.
Read More →Reply to comment left by Mark Alexander at 16/08/2019 - 10:16
Reply to the comment left by Mark Alexander at 16/08/2019 - 10:16My thought process for the SSAS was twofold really : 1 - They could make maximum pension contributions from the PropCo into their SSAS Pension - growing the pension...
Read More →16th August 2019, 7 years ago
Hi Mark As part of "planing for our retirement" could they also consider the creation of a SSAS Pension aligned to the PropCo SPV ?
Read More →10th August 2018, 8 years ago
Hi Graham, Many thanks for taking time out to reply. Having spoken with a number of people, I may have been "over-egging" this a bit. In summary, I will now be buying the property in my name. Straight away I...
Read More →16th April 2018, 8 years ago
Hi Sash, Are you basing your "yield" on capital deployed or property value? 3% seems low if it is capital deployed.
Read More →