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pension pot to buy property
illegalhunter
Posts: 3 Newbie
Hi can i use my pension pot to buy my mothers house for her . Which i get when she dies?
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Comments
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no
(min length filler)0 -
You cannot access your pension pot until you get to 55 (i think that is the age or it could be 50, even then you would only get 25% cash and the rest would be for a pension, which is why you put it there in the first place.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Is there anyway of getting my money back as my pot has been raped0
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Hi can i use my pension pot to buy my mothers house for her
Thankfully not. The awful proposals that did exist a few years back never took place.Is there anyway of getting my money back as my pot has been raped
No.
What makes you think your pension pot is so bad?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
my pot has been raped
Pillaged shurely ???????
'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
We are all in the same boat re our pensionsmake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
You take the rough with the smooth and you average it out. And look at times like this as potential opportunities. You cant just have good years.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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How can you be so certain that you will get your mother's house when she dies?[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0 -
Because she will leave it to me in her will, as i have paid for itmargaretclare wrote: »How can you be so certain that you will get your mother's house when she dies?0 -
How can she if it's not hers?
If your Pension 'Pot' bought the house (not that it can, but IF it did) then it would be your pension pot that owned the house.
Not you, and not your Mum.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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