Pension Loans

Category: Uncategorized

  • Don’t Be Fooled! 5 Equity Release Myths Busted

    Retirement can be a time to enjoy your hard-earned savings, and maybe even treat yourself to something special. But if you’re thinking about using your home to unlock some extra cash, you need to be careful. Equity release is a complex product that can be helpful, but it’s not right for everyone. There are a…

  • Pensioners Now More Likely to Pay Income Tax Than Younger Brits!

    It might come as a surprise, but these days, more people over 65 are paying income tax than those aged 16 to 64. For many years, people over 65 enjoyed a higher personal allowance, meaning they could earn more before paying income tax. But things have changed, according to the Institute of Fiscal Studies. The…

  • Mortgage Woes – Cost of Living Crisis Affecting Over-55s’ Mental Health

    The cost of living crisis is hitting older homeowners hard, with many struggling to cope with rising mortgage payments. A new study by Key Later Life Finance reveals that one in four over-55s with mortgages are suffering mental health problems because of the financial pressure. Facing a Double Whammy It’s a double whammy for these homeowners. They’re…

  • Pensioners Stuck with Peanuts While House Prices Soar!

    While house prices have been rocketing, pension incomes have barely budged, leaving many older Brits struggling to make ends meet. A new report by more2life has revealed the stark reality of pension incomes compared to house price growth. Over the last decade, average weekly pension income has only increased by a measly 1% after inflation.…

  • Downsizing Delight – Brits Ditching Big Homes for Smaller Lives

    Forget the “bigger is better” mantra – more and more Brits are realising that sometimes, less is more. And it’s not just about saving money, it’s about living a life that’s more fulfilling and less stressful. Featured in The Telegraph, Candice Daltry, 51, knows this all too well. She traded in her stunning, 4,500 sq…

  • Sun, Sand, and a Whole Lot of Red Tape – Why Retiring Abroad is a Headache

    Dreaming of swapping the British drizzle for Mediterranean sunshine? Think again! Retiring abroad, once a tempting escape for Brits, is now a complicated and expensive minefield. The lure of retiring abroad is undeniable. It promises a higher quality of life, affordable living, and a chance to escape the UK’s grey skies. Research from Arbuthnot Latham…

  • Pension Woes – One in Five Retired Brits Struggling Despite Owning Their Homes

    It’s a nightmare scenario: you’ve paid off your mortgage, you’re finally retired, but you’re still struggling to make ends meet. And shockingly, new research shows that this is the reality for one in five British retirees. A new study by Senior Capital, which surveyed over 2,000 people, has revealed the financial struggles facing many retirees.…

  • Pension Withdrawal – Is it worth raiding your retirement pot?

    A third of over-55s have already dipped into their pensions before they’ve stopped working, according to a new study. This means millions of Brits are cashing in their retirement savings, but is it the right thing to do? The study by Just Group, a financial services firm, found that there are two main reasons why people…

  • OAPs Can Now Borrow Up to £1.25 Million!

    Good news for anyone over 50 struggling with debt or wanting to free up some cash – LiveMore, the mortgage lender for the over-50s, has just boosted their maximum loan amount! You can now borrow up to £1.25 million, up from £1 million, on a range of their popular products, including their LiveMore 1, 2,…

  • Pension Jargon – Unleashing Your Retirement Cash Without Getting Lost

    Ever felt like you needed a degree in finance to understand your pension? We hear you! Pension freedoms may have given over 55s more control over their retirement cash, but the terms used to describe these options can be confusing as heck. Let’s break down the jargon so you can feel confident about your retirement…