Why a professional trustee would carefully consider assets offered as security against a company loan

Posted on 04/01/2011 by Global Administrator | with 0 comments

SSAS schemes have seen a revival in interest as bank lending has been tightened over the last 18 months. If a company is looking to replace bank borrowing with that from its own pension scheme, the merits are clear to see but only if HMRC regulations are thoroughly considered and met. All post A-day lending must be secured with a first charge and whilst HMRC do not publish a list of acceptable assets, some, if called upon in the event of security, create their own problems.

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