Planning for later life
Equity release is not right for everyone. It’s important to consider a wide range of factors, from your family circumstances and tax status, to your time horizons and financial objectives. You’ll also need to incorporate all your other assets in your plans, including savings and investments.
Equity release can be a great way to pass on wealth effectively. For example, it is now possible to leave pension benefits to children or grandchildren in your estate. Therefore, it may make sense to draw down on other assets that are not exempt from inheritance tax (IHT) to minimise the liability on the estate.
Safe and secure
As a later-life planning tool, vulnerability can be an issue for those considering equity release. That’s one of the reasons why the market is now heavily regulated with five key measures offering reassurance and flexibility if you decide it’s the right option for you: