Equity Release
At retirement, it is very possible that the
income provided by your state pension and any other pension schemes or
investments that you have, will just not be enough for your needs.
Since the value of residential property has
increased significantly over the past twenty years, there are many people who
find themselves in the position of being “asset rich” but “cash poor” – owning
a valuable property, with no mortgage, but living on a relatively low level of
income.
Equity Release schemes offer the
opportunity for homeowners to raise extra income or a cash lump sum (or both)
by giving them access to the capital value “tied up” in their home without
having to sell their home or move out.
The Annuity Bureau is fully committed to
the principles of ‘Safe Home Income Plans’ (SHIP) and, as such, we will only
ever recommend a scheme that meets the SHIP criteria, which are:
·
You or your estate will never owe more than the value
of your property;
·
You will be allowed to live in your property for the
rest of your life, or until you have to go into residential care or until you
decide to move house.
The Annuity Bureau can help to guide you
and advise you on all the aspects of Equity Release, from your initial query
right through to completion. To speak to an Equity Release Specialist, please
call us on 0845 602 6263.
Long term care funding
The UK care system can be extremely
complex, especially to those who are new to it.
What will the state provide? How do I get
the right type of care? What is the best way to pay for care? These fundamental
issues can be confusing and costly without the right help.
Our main aim is to help guide you through
the financial problems that requiring care can bring. We offer information and
advice on the best options available for people;
·
Going into care themselves.
·
Arranging care fees for others going into care
(including working with Enduring Power of Attorneys).
Our services include advice and
implementation for the specialist, tax-efficient Care Fee Annuities, as well as
other investment options, such as low risk Investment Bonds. To speak to a
specialist Care Consultant, please call us on 0845 603 1177.
Ongoing investment reviews
We can provide a comprehensive service for
all clients who buy an investment-linked retirement pension, such as Income
Drawdown. Through our ongoing reviews, we will ensure that any changes in
circumstances and or objectives can be reflected in your ongoing arrangements.
This service includes assessment of changing legislation, as well as
performance reviews of your fund holdings.
We may also be able to help you structure
your other investments and assets to make sure they are aligned with your
attitude to risk and objectives.
In particular, we help many people invest
the tax-free lump sum from their pension, and those seeking a low-risk income
stream to top-up pension income. Please call us for further information.