If you're looking to boost your finances in retirement, you'll find there are several options to choose from - and making the decision over which one to pick will partly depend on the lifestyle you hope to achieve after leaving work. Read on for our guide to the potential avenues open to you.
|
If you're looking to supplement your state pension with additional income upon retirement, you may be affected by plans to change the pension system to make it simpler. Read on to find out more about this issue and what the implications may be for your income.
|
A large number of Britons are leaving their retirement to chance when it comes to funding later life, whether that is for care costs or simply maintaining their lifestyle. Around 3.6 million people think that winning the lottery would cover the expense of retirement.
|
A new report has detailed the climbing cost of social and healthcare for older Britons. As the care system currently stands, elderly people who own a home that is worth the average £213,000 lose around 65 per cent of their assets to pay for their care.
|
When you reach retirement age, you'll no doubt be weighing up all your options for the future. If you're worried that the money you have saved will not be enough to cover your expenditure for the rest of you and your partner's lives, you might consider alternatives to pensions, including releasing equity in your property.
|
Many people who opt for equity release deals have a clear idea in mind about of what they need to spend the money they receive for their property on. However, you might end up with considerably more than you expected, depending on what plan you choose and the value of your property.
|
You might have decided that the best financial decision when you retire is to opt for a lifetime mortgage, which enables you to live in your home rent-free while a loan is secured against your property. However, there are several types of lifetime mortgages to choose from.
|
If you're considering taking out an equity release plan on your home, there are lots of things you need to think about, such as how this will affect your property ownership. Read on to find what your rights will be to your property once you have taken out a lifetime mortgage or home reversion plan.
|
Many people dream of different things they can do during their retirement; some hope to take up a new hobby and enjoy finishing work while others have always wanted to go travelling and explore the world. If the latter sounds familiar, you might be worried about how to raise money for your adventure.
|
Planning for your retirement can often be challenging and you'll have spent many years saving into your pension to ensure you have enough to live comfortably in your old age. However, there are lots of exciting things you can do once you retire too.
|
When you begin your career, it is important to think about the future and start putting aside money for your retirement as soon as possible. This way, you can be confident you'll enjoy a comfortable life in your old age.
|
If you're heading into your twilight years and are thinking of ways you can raise money for your retirement, you might be interested in equity release schemes that allow you to generate cash from your property. However, you might be unsure of how much money you will actually get by doing this.
|
If you are planning to sell your property, you will want to get the best price possible for it. It is easy to lose money on your home if you don't do enough work to it, so here are some tips to ensure you get as much as you can for your house or flat.
|
Most people spend many years saving for a house, then more still trying to pay off their mortgage. However, they can be left with a home that is too big and expensive for them to run, which is why downsizing may be the best option.
|
If you're considering an equity release scheme to help fund your retirement, you might find the choice of options you're faced with overwhelming. There are lots of avenues you can take, including a lifetime mortgage and a home reversion plan. To find out the differences between the two, read on.
|
Choosing what to do with your family home when you've reached your twilight years can be very difficult. There are many options available to you with regards to releasing money tied up in your property, so it is worth researching the benefits of each before making your decision.
|
When it's time to start planning your retirement, there are many things you need to think about. If you've decided the best way for you to fund your twilight years is through equity release, it is wise to find out everything you can so you know exactly what this entails.
|
There are many things to consider before you begin taking out your pension, and it may take years to prepare for retirement. To make things easier, here is a list of a few things to bear in mind for when you stop working.
|
The Equity Release Council is a very important organisation and it is important that you are aware of what it does. The council has a statement of principles that all members must adhere to and these principles are very important.
|
Enhanced lifetime mortgages are not as common as traditional lifetime mortgages or drawdown products, however, they are products that you need to know about. To find out more, speak to an equity release adviser.
|
The importance of seeking advice on equity release before you go ahead cannot be emphasised enough. Equity release is a major financial decision and it is important that you understand how each product works so you can choose the most suitable.
|
New research has shown that many people expect to retire with significant chunks of their mortgage to pay off. Could equity release be one way of paying off this debt? It is an option that some retirees have on the table.
|
Downsizing is often suggested as being an alternative to releasing equity from a property and in some cases it can be the better option. However, there are many reasons why equity release is a better choice for many people.
|
Releasing equity from your property can be a very useful way of generating much-needed funds, however, it is not a decision to be taken lightly. It is therefore essential that you consult an equity release adviser before coming to any decisions.
|
When you inquire about equity release products, providers will send you various pieces of literature explaining how they work. However, there are certain guidelines that companies must follow, so be sure to choose a company that complies.
|
Newsletter sign up