News Formal

I’m 64 and stuck paying £2.5k a month on a business loan I took out pre-retiring

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 89%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

James Horton is spending the start of his retirement in debt

Retiree James Horton is now stuck with a £2,500 loan repayment every month after taking out a £180,000 business loan in 2019

“I realised from working in the solar sector for over 20 years how big of an issue this really was, so I decided to set up the company and four years down the line, and we were thriving.

Looking back, Mr Horton said he was glad he didn’t dip into his retirement savings in the end to expand his business but now, a lot of his monthly income, which comes from his pension pot, goes towards paying off the loan. You have to consider what impact this is going to have on your future income from your pension, the impact on your state benefits, and the impact on your tax position, both now and later.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 8. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Bradford: Companies may be prosecuted for deaths of two menLee Horton and Daron Pickstock died in industrial accident at unit in Bingley in 2020.
ソース: bbcemt - 🏆 120. / 51 続きを読む »