Will equity release affect my pension, state benefits or tax?
Your pension
Equity release over 55 will not affect your state pension or any private pensions.
State benefits
Over 55 equity release may affect any mean-tested benefits. Our 55+ Equity Release adviser will check this for you, but you are always advised to check your situation with your local tax/benefits office or council.
Tax
Under current legislation, any cash drawn through an equity release scheme will not attract Income Tax or Capital Gains Tax.
‘Our 55+ Equity Release adviser was honest, up front and explained things quite clearly.’
NE, successful over 55 equity release scheme applicant, Kent
