Help in later life

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Retiring abroad

Many people dream of retiring abroad or travelling long term. If you’re thinking of retiring abroad, it’s important to understand how your pensions might be affected.

Planning and funding your long-term care

As you approach retirement, you might be thinking about how you’ll cope with the costs of paying for long-term care, either for yourself or for a relative. Or you might find that you are caring for someone who can no longer look after themselves.

What is equity release?

Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.

Lifetime mortgage

With a lifetime mortgage, you take out a loan secured on your home which does not need to be repaid until you die or go into long-term care. It frees up some of the wealth you have tied up in your home and you can still continue to live there.

Equity release help

Firms selling equity release have to give you certain important information to help you decide on whether to enter a scheme. Here’s a summary of what to look out for and what you’ll receive.

Home reversion

With a home reversion, you sell all or part of your home in return for a cash lump sum, a regular income, or both. Your home, or the part of it you sell, now belongs to someone else. However, you’re allowed to carry on living in it until you die or move out, paying no rent. Depending on your age and medical conditions, you might be able to access more funds.

Find an adviser

If you decide you want financial advice, you can begin your search for the most appropriate regulated financial adviser for you by simply entering your postcode below: