Private pensions give added reason to release equity tied-up in homes
Increasing numbers of people will be feeling the effects of the recent events in the economy. There is a risk that people with private pensions that are invested in the financial markets may have seen their investments fall in value.
However, for those who are 55+ and homeowners, equity release could be the perfect solution. By using their homes to raise a tax-free lump sum or regular additional income, the over 55s could keep their standards of living consistent by using the funds released to supplement their pension income.
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