Own a property, but require additional retirement income or savings? Equity release could be a viable choice for your retirement plans. Read on, to understand how equity release works in the context of retirement. How do I tap into home equity in retirement? There are two primary methods to consider: 1. a lifetime mortgage, and …
Retirement Planning
Retirement planning and related subjects
A 101 Guide To Later Life Planning With Equity Release
Taking out equity release is a big decision. There’s a lot to consider, so understanding how equity may affect your tax, benefits or state pension is important, prior to committing to a plan. In this article, we’ll explore six different topics that we hope will answer any questions you may have. …
What Does Retirement Look Like Now Vs 50 Years Ago
Over the past 50 years, the retirement and living landscape in the UK has seen significant changes. Single-person households have doubled, contributing to increased loneliness. Life expectancy has risen, with adjustments in retirement age and pensions. Retired households have higher incomes, whilst the cost of living has increased substantially. Modern comforts like central heating and …
The importance of having an up-to-date will
Having a will that is kept up-to-date is vital if your assets are to be given to the people you want them to after you pass away. Not having a will in place, or not regularly updating it, can leave your estate in limbo and your loved ones without the assets you have worked hard …
A guide to a lasting power of attorney
A lasting power of attorney (LPA) document allows you to legally appoint a person or people to manage your decision making should you be unable to make them yourself. This may be due to an illness or accident that leaves you without the mental capacity to decide what is best for you. Although it might …
A guide to retirement interest-only mortgages
As you get older, remortgaging your home can become more difficult. If you are over the age of 50 and looking to unlock some of the money you have built up in your home, a retirement interest-only mortgage may be an option. …
One in Five Set to Retire in 2010 with NO Pension Fund
Recent research by Prudential has uncovered that 18% of people set to retire in 2010 will do so without any personal pension. This year’s retirees could be in for a shock however, as many of those surveyed were unaware of the value of the basic state pension. 31% either did not know what they would …
National Insurance Pension Change could spell £20K Loss for female Pensioners
On 6 April 2010, new rules on qualifying for the full state pension will kick in. Currently, women need to have worked 39 years to clock up enough National Insurance contributions to be entitled to the full state pension and men for 44 years. However, a change in the rules on 6 April this year …
Age is just a number – should we just forget it?
How old do you feel? For me, personally, it depends when you ask me. There’s certainly some days where I feel older than my prescribed ‘true age’, and then other moments where I am sure I’m far younger. But that’s the point, isn’t it? The time elapsed from our original birthday to now doesn’t define …
Moving house in retirement – what to consider before buying
Moving house in later life can be tough, both financially and emotionally. But for those of us in a house that isn’t ideal for our retirement years – perhaps on too many levels, or too large now the children have flown the nest – moving may be a necessary task. Have your heart set on …
