It is essential, whether you are in retirement or made the decision to retire, you receive advice on all the options available to you for your retirement income and capital planning.
When planning retirement income, your pension provider will only provide examples of retirement income from using your pension fund to purchase an annuity. These illustrations will usually be on a single or joint life basis and also on a level or index-linked basis. However, many other options exist, all of which should be assessed and discounted before committing to any structure for your retirement income.
If considering releasing capital from your home to support you in retirement, many sources of advice will only offer a recommendation from either a single or small panel of providers. Both lifetime mortgages and home reversion schemes, aswell as non ER options to raise capital should be considered before committing to your chosen rate.
AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.
CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN DOUBT, SEEK INDEPENDENT ADVICE
WE TYPICAALLY CHARGE A FEE OF 1.5% OF THE LOAN AMOUNT PAYABLE ON COMPLETION WITH A MINIMUM CHARGE OF £995. FOR EXAMPLE, ON A LOAN OF £100,000, YOU WILL PAY £1,500.
Millennium provides unbiased Equity Release advice on a face to face basis. Able to access a comprehensive range of equity release products from across the...Read More EQUITY RELEASE OPTIONS Contact
Our fully advised services, provide solutions tailored to individual financial objectives and attitude to risk. Millennium’s advisers can access all annuity types (lifetime, fixed...Read More RETIREMENT INCOME OPTIONS Contact
It is essential that when you have decided to retire you receive advice on all of the options available to you for your retirement income. ...Read More RETIREMENT INCOME OPTIONS Contact