Millions of workers throughout the UK will have to wait until they are 68 years of age to claim their state pension as moves to increase the pension age are set to hasten significantly in coming months. …
Tag: equity release for retirement funding
A Good Equity Release Adviser Explores all the Options
When you reach retirement it is natural to start to think about how you can make your life more financially secure. Many people these days are relying on their property to provide for them in retirement and so UK equity release schemes are a well researched retirement funding initiative. Equity release — as a lifetime mortgage or home reversion plan — allows for a tax free cash lump sum or cash reserve to be arranged using the equity in the home. The plans are available to those aged over 55 years of age and who own their own homes.
…
Equity Release: Good News for the Over 55s
Every day we are informed in some way that the economy isn’t getting any better and that the government cuts have only just got going. Fuel bills are increasing; inflation isn’t on anyone’s side and the forthcoming VAT rise is hardly helping to make us feel better. …
Making the Most of Retirement thanks to Equity Release
People are living longer these days. The average life expectancy has shot up in recent times and compared to figures from a generation ago, people are experiencing retirements that last well over twenty years, meaning a significant proportion of your life could well be spent not working and looking to live life to the max. …
A Way of Borrowing in Retirement
Although the so called austerity measures announced by the Government are designed to cut public spending and get the economy back on track, the reality is the average homeowner is still facing serious financial difficulties even before the inevitable cuts come into force; especially those in retirement. Banks are still not lending and they are fearful that people will default on their loans. But what is the solution? One ever popular option for those over 55 is equity release. …
Commonly Asked Questions about Equity Release
Retired or retiring soon? By seeking independent financial advice in retirement you will be able to better understand your options and how you can live a more comfortable and enjoyable life after finishing a lifetime of work. One of those options is equity release. …
Equity Release Helps the Kids
Recent media reports have indicated that a growing number of young people in Britain are finding it difficult to make ends meet. And because of this, many parents or grandparents are looking into ways of finding the money to help them, perhaps by providing lump sums to pay for deposits on first homes or to lend a helping hand to get loved ones out of debt. …
‘Ticking Time Bomb’ for Widows’ Pensions
Each year, just under 300,000 male pensioners are unwittingly denying their wives a comfortable retirement when they die because they are not taking the right advice when purchasing an annuity with their pension savings. Labelled a ‘ticking time bomb’ by leading pensions campaigner Dr Ros Altmann, the shocking revelation could leave thousands of widows in …
Women’s Pensions Falling Short of Male Counterparts
A recent Prudential survey says that women retiring this year will be living on an average pension of £234 a week, which falls two-thirds short of that of their male counterparts. This figure has dropped by 11% on that produced by the same survey last year, whilst the figure for men has only dropped by …