Turning Pensions Into Profits - with Kevin Whelan

The Property Nomads Podcast

Rob interviews Kevin Whelan, an economist, author, and founder of Wealth Builders. Kevin is an expert on SSAS pensions and shares valuable insights on tax-efficient pension strategies. He explains the difference between a SSAS and SIPP's, highlighting the benefits of using a SSAS to build wealth and become financially independent. Kevin discusses various strategies, such as the buy, borrow, and bridge strategies, that can be used within a SSAS to invest in property and generate income. He also emphasises the importance of financial literacy and shares a petition to include it in the school curriculum.

KEY TAKEAWAYS

Tax-efficient pension strategies can help individuals build wealth and become financially independent.

There are two main types of pension funds: Self-Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS).

A SSAS allows individuals to lend up to 50% of their pension funds to their property company, providing a way to access funds for property investments.

SSAS also allows for collaboration, where multiple individuals can pool their pension funds to increase buying power and negotiation skills.

SSAS offers tax benefits, protection from creditors, and the ability to pass on wealth seamlessly to the next generation.

BEST MOMENTS

"The vast majority of people park that money in the stock market, but their real passion is property. So my skill is how do you turn a pension that looks like it's do not disturb to money you can use today?"

"If you've got more money, what have you got? More buying power. If you've got more buying power, what have you got? More negotiation skills."

"I've never seen anything more tax efficient, more inheritance tax friendly and more able to pass on seamlessly to the next generation." -

VALUABLE RESOURCES

Please sign this petition to make financial education compulsory in all schools from primary age: https://petition.parliament.uk/petitions/648514

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast