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Equity Release can Help Those Affected by Cuts to Redundancy Payments
10/11/2010
The government’s proposed Superannuation Bill is likely to leave many low-paid workers out-of-pocket, according to trade unions across the country,
The bill aims to cap the redundancy pay offered to civil servants who face the axe under the government's budgetary cuts, with redundancy payments being limited to 12 months of pay or15 months for those opting for voluntary redundancy.
In an interview for the On the BBC Radio 4 Today programme, cabinet office minister Francis Maude said: "We want there to be a proper agreed long-term settlement here, and particularly one that gives proper protection for low-paid workers."
Homeowners aged over 55 years who will be struggling with the proposed cuts and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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