Another year guaranteed for the higher £250 Winter Fuel Payment for pensioners and £400 for the over 80s thanks to the Budget. However, is the Government really doing enough to curb the fuel poverty battle? …
Emergency Budget 2010: Retirement Round-up
George Osborne’s Emergency Budget will have repercussions for all in one way or another, but for those in retirement at the bottom of the income scale, the pinch may be harder felt. Here is a round up of the key announcements affecting pensioners. …
Increase Disposable Income in Retirement with Equity Release!
An increasing number of homeowners are turning to lifetime mortgages or home reversion plans to help fund their retirement. Both are forms of equity release that allow the homeowner to stay in their home for life. …
Equity Release Improves Life in Many Ways
As houses increase in value so does the equity built up in them; and it’s that equity that older homeowners are releasing in order to improve the quality of their life in retirement. …
Inflation Hits Hardest at 50-65
Inflation may have risen from 3.4% to 3.7% in April, but for those in or nearing retirement who spend a larger proportion of their disposable income in areas where costs have risen far more dramatically, they are facing a figure more like 5%. …
Equity Release: It’s not just about repaying debts
Recent statistics published by Bridgewater Equity Release have revealed the top three reasons for homeowners releasing cash from their homes via a home reversion plan are repaying a mortgage, home improvements and other types of debt consolidation. …
House Price Rise Increases Cash Available for Equity Release
Between April 2009 and April 2010, the average house price in the UK rose by 10.5% making this the first time annual house price inflation hit double figures since June 2007. The report, by Nationwide, also showed a 1% increase in house prices during April putting the average at £167,802. …
25% Mortgaged in Retirement
According to a recent report in the Daily Mail, one in four pensioners is taking their mortgage into retirement. A survey of 3,500 people aged 65+ reported that 27% had a mortgage and even more worryingly, the average size of that mortgage was higher amongst those over the age of 70. …
Britons Doubt Retirement Income will Suffice
Research conducted by Prudential has revealed that British people retiring in 2010 are expecting to be worse off than those who left work in 2009 and in 2008. 2010 retirees are anticipating an average income of £16,509 per year. In 2009, this average was £17,759 and in 2008 it was £18,663 showing decreases of 7% …
Highest Rate of Inflation for 50-64 year olds Continues
Whilst the overall rate of inflation fell this month from 3.5% to 3%, figures just published by Alliance Trust Research Centre show the 50-64 year old age group continues to be hit by the highest rate of inflation — 4.5% – for the fifth month in a row. …
