How does equity release affect benefits?

Taking out a lifetime mortgage will reduce the amount of inheritance you are able to leave and may affect your tax position and eligibility for welfare benefits. 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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