A guide to using capital in the home to raise money, Using Your Home as Capital 2002-03, has been pu...
A guide to using capital in the home to raise money, Using Your Home as Capital 2002-03, has been published by Age Concern. The guide helps differentiate the financial products available to convert equity into a lump sum or income and details scheme pros and cons as well as implications for tax and Social Security.
Gordon Lishman, director general of Age Concern, said: 'Retired people are becoming more interested in finding out how these products can provide extra income. It does not take long to realise the options available are complex.'
