Equity release can affect some types of means-tested benefits, including Pensions, Council Tax Support, Housing Benefit, and Universal Credit if you save enough of your tax-free lump sum to push you over the relevant threshold.
Currently, you must have £16,000 or less in money, savings, and investments.
Speaking with a financial adviser or benefits specialist can help you understand how equity release might affect your benefits and explore any alternatives or mitigating circumstances.
Back to faqs
