Archive for April, 2010

Apr 25

Equity Release Advice must consider State Benefits says Bower Retirement

Releasing tax free cash from a property can potentially be a way to help fund retirement aspirations, repay debts or supplement everyday income.

However, depending on the amount released, state benefits could be affected and confusion regarding the issue is rife. (more…)

Apr 10

Britons Doubt Retirement Income will Suffice

Research conducted by Prudential has revealed that British people retiring in 2010 are expecting to be worse off than those who left work in 2009 and in 2008.

2010 retirees are anticipating an average income of £16,509 per year. In 2009, this average was £17,759 and in 2008 it was £18,663 showing decreases of 7% and 11.5% respectively. (more…)

Apr 03

Highest Rate of Inflation for 50-64 year olds Continues for Fifth Month Running

Whilst the overall rate of inflation fell this month from 3.5% to 3%, figures just published by Alliance Trust Research Centre show the 50-64 year old age group continues to be hit by the highest rate of inflation — 4.5% – for the fifth month in a row. (more…)