02081331548

Who is Tony Gott? What pension loan company is it that he works for?

Charlie,

He gets a few mentions on here as he himself seemed to join in at some point. Runs this firm from Eastern Europe http://www.yourlostukpension.com/ 

As long as he is not targetting UK investors, then I guess it is irrelevant to this thread.

Hi  i am looking in to getting a loan backed up by my pension

This is how it was explaned to me. unless you can tell me its a scam

A loan firm  gives you a cash advance on your  lump sum payout when you reach 55 years old
your original pension pot is not touched  therefore hmrc cant come after you for touching your pension

the only downside i can see to this, is when you get to 55 you wont have any lumpsum because it will all go to pay back the loan plus interest and charges.

But you will still have a pension when  you get to 65 years at todays retirement age

so i cant see a problem with this. Unless someone on here can advise me otherwise

cheers

repost sorry

Have you read the posts on the first page of this thread?  One of the suggestions is that you read the information on the Money Saving Expert website. Another is that you check out the HMRC rules on using your pension to back a loan.  Might be worth a look before you risk your money.

Hi  i am looking in to getting a loan backed up by my pension

This is how it was explaned to me. unless you can tell me its a scam

A loan firm  gives you a cash advance on your  lump sum payout when you reach 55 years old
your original pension pot is not touched  therefore hmrc cant come after you for touching your pension

the only downside i can see to this, is when you get to 55 you wont have any lumpsum because it will all go to pay back the loan plus interest and charges.

But you will still have a pension when  you get to 65 years at todays retirement age

so i cant see a problem with this.  if a loan firm wants to give you a loan and let you pay it back when your 55 whats the problem Unless someone on here can advise me otherwise

cheers

Hi
i have read the stuff you advise me to read, but i still cant see why its a problem  as its a loan backed up by my lumpsum payout, not my total pension pot. and if i am willing to not get any lumpsum when i reach 55, and i am aware that it will all be gone via interest and charges, is that wrong

to me its like you saying to me i will lend you some dosh and you pay me back when you get your lump sum  plus a few quid on top for my trouble

or am i seeing this whole loan thing wrong

many thanks for your reply

Now I am curious.  You have posted twice and in the second post you make mention of the HMRC rules, which you seem to have picked up from my post.  Why exactly did you come on here?  This website is to report unknown, unwanted and scam calls. To come on here to say you are looking at getting a pension backed loan doesn't make sense.  To ask is anyone knows anything different when there are 17 pages of information is odd.

I found my way here by chance because i was searching via google about qrops and the stuff about getting all your pension money released, but i read that the law changed in april this year. Then i came across pension loans, and one page led to another untill i found myself here.

Once i arrived here i spent a coulpe of hours reading the posts about these loan firms being a scam
and it got me a bit concerend as i was just about to go a bit deeper and actually apply for one

so i thought i would poast a question about them being scams, and like i said in my post   ( sorry for the double post  i am new to all this )   Is this not just a case of getting a loan and paying it back from your lumpsum, i looked at it as just like getting a loan and useing your house as colateral only in this case its your lumpsum,  from the reading i have done nobody gets access to my pension that stays put, so i need some reasuring i am getting this all correct. i would aggree that there may be a middle man involed who gets some commision from setting this up, but i cant see that as a scam   many thanks for your time and patience

Speak to a Financial Advisor mate dont understand why you would want answers to something like this from  thread full of people you dont even know!!

I am with Dave T on this one!

If there is any connection, whatsoever, between the pension and the loan then HMRC will treat this as a "connected" loan. If HMRC prove this, there will be an unauthorised payment charge of 55%.
If one is using the pension as "collateral", then the pension is being used as a vehicle to get early benefits from the scheme and that is not going to please HMRC.

Why not phone HMRC's helpline and run the scheme past them?  I am sure they would love to hear the full details.

I'd recommend looking at this thread which I found this morning after my wife was contacted and left just a tad perplexed and bemused.

Best of luck, and I'd buy a barge pole before you're minded to go anywhere near these pension backed loan peddlers.

(P.S. Weren't you also known as the man on the Clapham Omnibus at some point?)

The thread I referred to above is at https://whocallsme.com/Phone-Number.aspx/02081339353

Domain Name: yourlostukpension.com
Registrant:
   N/A
   Tony  Gott (gary@garymvasey.com)
   Frantiskanska 6
   
   Brno,  602 00
   CZ
   Tel: +420.775718112
   Fax:
Creation Date: 2009-02-11 09:13:44  
Expiration Date: 2013-02-11 09:13:44
Domain servers in listed order:
   dns2.supremecenter109.com
   dns1.supremecenter109.com
Administrative Contact:
   N/A
   Tony  Gott (gary@garymvasey.com)
   Frantiskanska 6
   
   Brno,  602 00
   CZ
   Tel: +420.775718112
   Fax:
Technical Contact:
   N/A
   Tony  Gott (gary@garymvasey.com)
   Frantiskanska 6
   
   Brno,  602 00
   CZ
   Tel: +420.775718112
   Fax:
Billing Contact:
   N/A
   Tony  Gott (gary@garymvasey.com)
   Frantiskanska 6
   
   Brno,  602 00
   CZ
   Tel: +420.775718112
   Fax:

This recent article should allay any doubts about the view of HMRC.

Here, no cash was taken from the pension at all. The guy got a loan but the arrangement is clearly connected to the transfer of a UK pension and now the poor guy is going to get hammered by HMRC.

http://www.ifaonline.co.uk/ifaonline/news/222 ... ls-pension-woes

I bet hes well happy with the IFA!Would have been better off not contacting HMRC !!

I wonder what an IFA should do in this situation?

Ignore the fact that a scheme is being flogged outside HMRC rules or let the authorities know about it?

What happens if the FSA have a routine audit on the IFA and pull out a file where there is evidence of such a scheme that has gone unreported?

Bit harsh on the client, but the fact that this story is out there now might warn people off doing something stupid with their pension fund.

I know a few people  one being Adrian Price in bournemouth who are scamming people with this so called pension investment, and one of them has just bought himself a new ferrari.  someone needs to put a stop to it.  he was  previously involved with property deals with Richard Carr and 3 of his property companies have dissolved.

hanks Folks saved me from throwing Penison away.this is one of Guys who call me last nite ,he makes it sound so easy mind you charges bit high lol
Adrian Price
Cash from Pensions
7a Milburn Road
Westbourne
Bournemouth
We charge an amount of £295 as an introductory fee per enquiry, which will need to be paid prior to Cash from Pensions processing your enquiry. If however you would like to cancel this after you have paid, you may do so and a full refund will be made.

What happens next?

1. Cash from Pensions receives the completed Forms as detailed above with payment details.
2. Premier Pension Solutions will write to your current pension provider(s) and ascertain your pension value; this normally takes approx 3 weeks, but can be much longer for company pension schemes.
3. Premier Pension Solutions will then contact you and discuss how the Master Pension Scheme works; this may take up to half an hour.
4. Premier Pension Solutions will send you application forms which you will need to return to them.
5. Approx 8 weeks after Premier Pension Solutions has received the paperwork, you should be in receipt of funds. Company pension schemes can take longer, but Premier Pension Solutions will advise you of progress and expected timescales as necessary.
6. Upon the successful completion of your PRP we will invoice you for the final applicable fee.

As discussed the cost to you is 5% of the fund value on the transfer (as illustrated on page 5 of the attached guide) which is deducted from the remaining pension and a Minimum Fee of £1500.00 (one thousand five hundred pounds) or 4% of the transfer value, whatever is the greater, payable by you to Cash from Pensions payable once you have received payment of the PRP. There is also a fee payable to Premier Pensions deducted from the note in the region of £850.00 (see page 5).

so be carefull oot there ,Thanks again

Dorset BH4 9HJ

Yes, both were previously Building Contractors. neither are qualified financial / pension experts but are racking it in at present providing a pension service. Yes I know them personally, and no I wouldn't lend them money if I hoped to get it back....