Personal Finance for the Over 50s

Equity release is a way of unlocking money that is tied up in your home, giving you a tax free cash sum to use how you wish. There are no monthly repayments and the cash can either be taken as a lump sum or drawdown when you need it.

Equity release or Lifetime Mortgages as they are known are becoming more popular as people look for ways to increase their income

Saga is well known for providing information, products and of course holidays for the over 50s but as yet they do not offer Saga Funeral Plans.

Releasing equity from your home involves taking out an equity release mortgage, it is not a decision that should be made lightly Read more

Although the majority of families still stick to tradition when it comes to funerals, an increasing number of people across the UK are now considering other options and looking for alternatives to a funeral service.

I watched last night’s ITV Tonight show’s documentary ‘Pay Now, Die Later; Funerals Uncovered’ with varying degrees of frustration and sadness.Frustration at the lazy, one sided, sensationalised way the documentary was filmed and sadness that this blatant scaremongering will now put some viewers off pre-arranging their funeral services with a funeral plan.

The Equity Release Council Autumn 2018 Market Report is out and makes very interesting reading on the way we view property and the part it is starting to play in our retirement and later life planning.

I said it would happen but I think you can safely say that the funeral plan price war has officially started, courtesy of today’s announcement that Dignity has slashed its funeral plan prices. 

The latest SunLife Cost of Dying Report 2018 is now out, providing the latest news on funeral costs, as well as information on our attitudes to funerals and funeral planning.

The annual Royal London National Funeral Cost Index Report for 2018 has just been released and as usual makes interesting reading. Carrying the heading ‘Buried in Debt – The price of a good send off’