How does equity release affect benefits?

Taking out equity release (a lifetime mortgage) cuts down the value you have in your home and the amount of any inheritance you leave. Your tax position and any entitlement to welfare benefits you have could also be affected.

It might affect your entitlement to means-tested welfare benefits, like council tax benefit, pension credit, and certain health benefits. But your adviser will understand your personal situation and can explain this to you.

Find out more about equity release.

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