What to do before you apply

There are things you need to think about before applying for the Pension Loans Scheme (PLS).

Before you apply, you should consider all of these:

  • your current and future financial situation
  • the impact of compound interest on the loan
  • the repayment of the loan.

We recommend you seek independent legal or financial advice.

You should also:

We also have tools and information to help you manage your money.

Next: How to apply

Complete the following steps to apply under the Pension Loans Scheme (PLS). Before you start, check if you're eligible.

Page last updated: 5 July 2021