Hi there!
We have a rental property that's holding it's own at the moment ie the rent is just about covering the mortgage (interest + capital) & expenses/tax.
I met someone at the weekend and we got talking and they said "you should put your apartment into a pension"
I've been reading all morning and I'm no closer to understanding what they meant.
Can anyone translate in layman's terms for me?
(If you understand what they meant, that is)
I don't currently have a pension, but I was thinking of taking up the option of joining one when it's offered through my job. So it has been on my mind to do it (I'm 36 this year)
But I'm not sure where my rental property would come into it?
Can anyone explain it to me and sorry if I've repeated a previous post. A link would do fine if I have
Thanks!
We have a rental property that's holding it's own at the moment ie the rent is just about covering the mortgage (interest + capital) & expenses/tax.
I met someone at the weekend and we got talking and they said "you should put your apartment into a pension"
I've been reading all morning and I'm no closer to understanding what they meant.
Can anyone translate in layman's terms for me?
(If you understand what they meant, that is)
I don't currently have a pension, but I was thinking of taking up the option of joining one when it's offered through my job. So it has been on my mind to do it (I'm 36 this year)
But I'm not sure where my rental property would come into it?
Can anyone explain it to me and sorry if I've repeated a previous post. A link would do fine if I have
Thanks!