Equity Release can potentially impact means-tested benefits.
Receiving a lump sum or regular income from an equity release plan may affect your eligibility for certain means-tested benefits, as they are typically based on income and assets. However, there are equity release plans available that allow you to receive funds in a way that minimizes the impact on means-tested benefits.
Working with an experienced equity release advisor is crucial to ensure you fully understand the implications and explore options that align with your benefit entitlement.
Contact us to find out more.