According to a recent survey from moneysupermarket.com, a staggering 24 million people in this country would rather wear an extra layer of clothing than put the heating on. Whilst first thoughts may point to the view that Brits are just looking after their pennies, on closer inspection it may well be the case that many of these 24 million people cannot afford to heat their homes during winter. …
Tag: pensions and equity release
Equity Release: Can Your Home be Your Pension?
After spending 40 odd years at work you would think you would’ve paid in enough to your pension to live a comfortable and happy retirement. Yet for millions of people this is just a dream, as poor financial management may have led to them retiring with just a pittance left to live on. This is the reality facing many people today and in future years. Being able to jet off around the world and live your retirement to the full is a thing of the past — or is it? One way that all of this may still be possible is to look at your home rather than your pension as the means of an income in retirement.
…
Reasons to Turn to Equity Release
Everybody has an opinion on equity release schemes. Some see them as an excellent way to get some much needed financial support in retirement. Whatever your individual view, the fact remains that life in retirement could be changed for the better thanks to UK equity release schemes. They could mean the difference between living a comfortable retirement and or just getting by. …
Your Home and Garden Taken Care of with Equity Release
Are you house and garden proud? If a lifetime of work has gone into making your home and garden as comfortable, elegant and relaxing as you want it to be then you will want to ensure both are beautifully maintained in retirement. …
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.
…
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. …
Have a Warm Winter Thanks to Equity Release
Winter is fast approaching and keeping warm at home is vital. Yet it is a fact of life that maintaining warmth in your home warm costs serious money and for those living on a pension it can be very difficult. …
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% …
‘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 …
