Retirement Planning

Hampstead, home town of celebrity Tom Conti

Celebrity Equity Release

For those of us working into our 60s and 70s to clear our mortgages and rid ourselves of credit card repayments, it can be hard to feel much pity for celebrities living the high life. But spare a thought for these celebrities who might be finding it much harder to sell their UK homes this year.

Following the stamp duty hike in the April 2016 budget, some of the UK’s more pricier properties now have over a million pounds in tax added to the cost of purchasing them – meaning many sellers are having to push down their prices to appease disgruntled buyers.Read more

London, top urban retirement destination

An Urban Retirement

After years of the 9 to 5 and making the daily commute to the city, one might assume that most people in later life would be fleeing to a rural retreat in retirement to enjoy the plentiful benefits of countryside living.

Yet, for those of us who have lived and worked in urban areas for the last 40 or so years, when the time comes to retire, the once-romantic reality of a country retirement, with its green fields, self-sustaining vegetable gardens and the pretty rose-covered cottages, could be a change too far. Read more

Conservatory, home improvement building extension, house exterior

Why do homeowners use equity release?

With equity release sales continuing to soar, we investigate why homeowners are tapping into their property wealth and what has led to the sudden surge in the popularity of equity release.

The equity release market is booming and records are being broken in all directions. At £898m, the value of housing wealth released in the second half of 2015 was the largest of any half year, and the first quarter of 2016 went on to see more sales than any other three months on record. Over £1.61billion was unlocked by equity release customers in 2015.Read more

Luxury holiday destination: Monaco, Monte-Carlo Coastline

Luxury destinations… short haul locations

Today’s retirees are a far cry from the traditional perception of years gone by, with people of retirement age living longer, healthier and more active lives than ever before.

Thanks to modern medicine and longer resulting lifespans, those of us in or approaching retirement can embrace our golden years as a golden opportunity. Seeing the world, learning new things and achieving lifelong ambitions… now is our chance to do what we put on hold when we were busy raising families and climbing ladders!Read more

Why set up a Lasting Power of Attorney?

As the average age of the UK population increases – currently 86 for men and 89 for women* – we are unfortunately at a greater risk of developing degenerative mental conditions such as dementia or Alzheimer’s.

Conditions such as these, which can severely impair the way we make decisions, are not particularly pleasant to think about, but it is wise to consider what would happen to your wealth and your personal care if you lost your mental capacity.
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ticking things off

Your checklist for retirement

Whether you plan to retire ten years or ten months from now, one thing is for certain: it pays to be prepared as retirement nears. Before the time that you intend to stop working, you will need to think about your financial options and the retirement choices you will need to make.
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