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of supplementing our income in our retirement years.More homeowners over the age of 55 previously are choosing to free up money that has been tied into their properties to support themselves and their families.Equity release obtained to those aged between 55 and 95, Who own a property worth at least with the amount of tax free money released varying depending on factors such as your age and the value of your dwelling.Equity release plan popularity hits all time highReceiving a cash lump sum from an equity release plan will reduce the value of your estate and the amount it will be easy to pass on to your dependents.Your tax position and state benefits is also affected, So it is important seek independent advice and to talk to members of the family before signing up to a plan.Last year saw equity release hit a record high, With the final figure expected to reach Recognising the need for equity release as a means for Scots to boost retirement income, Financial regulators are calling for more lending options of this kind to be made available.He was quoted saying: "By taking the help of the tax free benefits of equity release, Those over 55 can control how the is used.Five top uses of equity release cash"Equity release offers such a diverse power to meet income and capital needs in retirement that we can only see its popularity increasing further still,Scottish homeowners continue to look to improve their financial wellbeing and we expect to see the lives of many in Scotland being enhanced further still throughout in the future,Terrain, For numerous, Could be the answer to many of their financial needs in retirement when confronted with pension and savings shortfalls,.
More over 55s sort retirement finances with property Discount Moncler Jackets
cashThe popularity of equity release plans is growing as ageing Scots seek to put their affairs in order especially at the beginning of a new year. Share00:01, 9 january 2017Updated14:24, 13 JAN 2017More over 55s are turning to equity release to help with finances in retirement ShareGet daily updates directly to your inbox+ SubscribeThank you for opt-in!Could not rss, Try again laterInvalid EmailEquity Release Calculator JANUARY is the time of the year for counting the cost of Christmas and planning for the expenses ahead.As well as the over 55s, The available options for raising extra money to cover the cost of living, Woolrich Jackets Uk Home loan payments, Unexpected bills and small remodels are restricted.With an ageing residents, This goes some way to explaining growing take up of equity release products as a means Moncler Mens Sale Flannels
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