Release equity despite annuity confusion

Posted in General

26th May 2010

There is confusion about the government's plans for annuities, but an equity release scheme remains as a straight forward way of getting more cash in retirement.

Just Retirement have produced figures that indicate that whilst the Conservatives oppose compulsory annuitisation at 75, if they repealed that law, it would only affect 2 per cent of the market.

By comparison, equity release can affect every homeowner approaching or in retirement for the better.

A home reversion plan or a lifetime mortgage would allow them to extract more money from their house, whilst still living there.

The retirement company seek to clarify that any suggestion as to the death of annuities would be wide of the mark, although other government priorities may need to be dealt with before a clear indication of policy is forthcoming.

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