Money experts agree it’s not always easy to make ends meet these days, but for many homeowners there could be a solution: it may be possible to free up tax free cash from a property by making the most of an equity release plan. If you qualify for a home reversion plan or lifetime mortgage you may have a golden opportunity to gain a financial boost in retirement. It may be that you’re looking to consolidate some existing debts on loans or credit cards perhaps, or maybe you are hoping to give a helping hand to members of your family who could do with a bit of extra help. …
Tag: retirement advice
Raw Deal for Older Taxpayers?
A report by Parliament’s Public Accounts Committee into the way that older people, especially pensioners, are taxed has worryingly shown they could be on the receiving end of a very raw deal. Constituting 18% of taxpayers, older people are more likely to abide by tax rules but are less likely to understand them, which means …
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 …
