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Might Equity Release be the Answer for Those Worse Off This Year
20/01/2011
It has been claimed that middle class pensioners in the UK are set to be worse off next year, despite the governments promise to increase pensions.
The Daily Mail reported that a Labour Party analysis of recently-published official figures has shown that better-off pensioners stand to lose almost £240 per week when VAT is increased in the New Year.
Rachel Reeves, shadow pensions minister, claimed that the richest ten per cent of pensioners would be £470 worse off than they would be under a Labour government because they would not have put up VAT, according to the newspaper.
This might encourage some people to consider equity release to improve their finances.
Homeowners aged over 55 years who would like to improve their finances 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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