A friend has told you that he’s helping himself through the current cash shortage by drawing from his pension savings and when business returns to normal he’ll replace the money. Is this something
worth considering?
Your partner’s current job doesn’t generate enough income to earn NI credits that count towards the state pension. To get around this a friend suggested your business tops up your partner’s income.
Will that work?
Your company needs cash to buy new equipment. The bank might lend it, but the interest rate is high and there are conditions. Your pension fund has money; can you use it to provide a more flexible
loan?