Most of us dream of taking retirement and being free from the commitments of full-time employment. Sadly, with people living longer, the costs of living rising and interest rates remaining low, many people are now finding retirement a financial struggle.

This is where equity release could be a possibility. 

People have started to realise that you can use equity release to fund your retirement as though it were a pension. By not withdrawing from your pension, you would expect future growth on the investment. The amount your pension pot could continue to grow by may even be more significant than the interest accumulating on your equity release plan.

At the end of your life, you can repay your equity release from your estate, while your pension pot is protected, and can be passed down to your chosen beneficiary free of inheritance tax.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.