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The SunWhat is equity release, how does it work, is it a mortgage and when is it repaid?The SunOne is lifetime mortgages, which allow the homeowner to borrow money against their house, and home reversions, where a share of the house is sold to an equity release provider. Interest is charged , which is usually paid once the homeowner dies or ...
This is MoneyHow savers can shield £17500 income from the taxman: The three 'allowances' that can cut tax bills for pensioners ...This is MoneyTo work out your tax on savings interest, you start with the £16,500 figure (the personal allowance of £11,500 plus the £5,000 starting rate). Deduct your pension, or work income, which, in the £15,000 example, leaves £1,500. You can then use your £1 ...
This is MoneyEverything you need to know about Isas! The This is Money podcastThis is MoneyBut official figuires show the boom in contactless payments has fuelled a 51 per cent rise in fraud on lost or stolen credit or debit cards in the past year. Experts said that some of the increase in fraud may have been down to opportunistic thieves ... equity release but worried about inheritance? Use these three tricks to beat the of soaring house prices mean many older homeowners are sitting on a small fortune. And more and more are using their house as a cash machine to fund everything from home improvements to a luxury retirement lifestyle. The number of people using ...
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