📈Detailed in the linked article is the Pensions and Lifetime Savings Association’s Retirement Living Standard Report which reveals that the cost of a minimum retirement lifestyle is £12,800pa for a single person and £19,900pa for a couple. Take a look at how they have broken this down.
💰A moderate retirement lifestyle requires an income of £23,300pa for a single person and £34,000pa for a couple.
💰 💰A comfortable retirement lifestyle requires an income of £37,300pa for a single person and £54,500pa for a couple.
💡If your retirement income is not creating the retirement you expected, an Equity Release Lifetime Mortgage can provide funds to top up your income.
🏡 Having worked hard all your life to pay for your home, isn’t it time your home started paying you an income to provide you with the retirement you deserve?
To find out more about whether a Lifetime Mortgage could be the solution for your retirement, contact me now.
This is a lifetime mortgage. To understand the features and risks 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 any doubt, seek independent advice.
A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.