Pension Loans

Category: Uncategorized

  • Remortgaging Options for Retirees

    Navigating through the various financial options available for home improvements can be a daunting task, especially for retirees who might be out of the loop on current financial products. A WhatMortgage reader, a 68-year-old retiree, reached out for advice on possible remortgaging options to fund an extension and refurbishments for their £340,000 home. Their finance…

  • The Rising Role of ‘Bank of Family’ in UK Housing Market

    At least one in five parents in the UK are unlocking the wealth tied up in their homes to help young family members onto the property ladder, according to a recent research conducted by Legal & General. Unleashing Property Wealth: Parents Lending a Hand Dubbed the ‘Bank of Family’, this group holds a whopping £3.5…

  • Cost-of-Living Crisis: The Plight of Older Homeowners

    Today, a large number of homeowners are battling the rising tide of expenses. How is the cost-of-living crisis affecting those on the brink of retirement or already in their twilight years? Key Findings: The Impact on Homeowners Aged 50-70 Recent research by LiveMore shines a light on the financial distress many homeowners between the ages…

  • Over 50s Distrust Financial Firms

    In the ever-evolving landscape of finance, trust is paramount. Yet, a recent discovery reveals that a significant proportion of people aged 50 and above have reservations about financial service providers. Trust in Numbers According to a survey conducted by LiveMore, 59% of those between the ages of 50 and 79 harbour mistrust towards financial service…

  • Cash Crisis Hits UK Retirees: One in Five Left with Insufficient Funds

    A recently published report has revealed a startling truth about the financial health of people in their golden years. Approximately one in five retirees in the UK is facing a frightening reality — their pension funds are just not enough. Concerns run high as millions of seniors fear a potential dip in their quality of…

  • How To Withdraw Money From Your Pension

    Navigating pension terms can be as perplexing as a jigsaw puzzle. With so many Brits pulling from their pensions earlier due to economic pressure, it’s crucial to understand what you’re diving into. The Financial Times today has a guide to help you decipher pension withdrawals, and hopefully, keep more pounds in your pocket. Here’s a…

  • Pension Blindspot: 1 in 4 Brits Ignore Their Retirement Pot

    It appears many Brits might be playing a dangerous game with their future. A striking 25% of UK pension savers confess to never taking a glance at their pension pots, reveals a study from Moneyhub, the financial data and payments platform. Annual Checks: Are They Enough? Historically, there’s been a somewhat lukewarm interest in monitoring…

  • How to Access Your Pension

    These days, you’ve got more options than ever when thinking about how to spend your retirement savings. While this means more control over your money, it can also be a tad confusing. Luckily, you can mix and match your choices for the flexibility you desire. An article by SJP runs through the choices. How Can…

  • More People Withdrawing Cash from Pensions

    Data from HM Revenue & Customs reveals that between April and June this year, a whopping £4bn was taken out from retirement savings, the FT reports. This figure comes from 567,000 individuals. Comparing this to the previous quarter, which saw £3.4bn in withdrawals from 519,000 individuals, the increase becomes even more alarming. In simple terms,…

  • A New Trend: Over-50s Flock to Part-Time Work in the UK

    We’ve seen a marked change in the way we think about work and retirement in the UK. More people in their 50s and beyond are embracing part-time jobs. But is this a choice or a necessity? Let’s break down the recent findings from the Office for National Statistics (ONS) and see what the experts have…