New data released shows that since pension freedoms were introduced in April 2015, the nation’s 55-year-old-plus home owners have used property wealth to deliver £13bn of extra income. In fact, as we approach the pension law change’s fifth anniversary, personal retirement strategies continue to evolve – with property equity clearly emerging as an area of year-on-year growth.
 
Defined contribution pensions remain the focus of retirement planning, however, a multi-faceted approach – with private and state pensions combining with ISAs and bespoke lifetime pension solutions combining to provide the freedoms and security we all seek in later life.
 
With so many Baby Boomers having benefited from rapid property equity growth in their lifetimes, many are now looking to help their children and grandchildren on to the housing ladder and taking advantage of improvements in what has been dubbed a ‘once in a generation boom’ in products designed to enable wealth locked into their homes to be better used to reduce the risk of over exposure to Inheritance Tax (IHT).
 
Here at The Financial Planning Group we have been advising our clients regarding the availability of newer, more flexible, methods of borrowing and we can combine this with offering strategic benefits when considering IHT exposure. Working out exactly right for you, and agreeing on the best strategy for long term stability and financial wellbeing.
 
With 25 years’ experience helping individuals, families and businesses to place their financial affairs in context with their future goals and aspirations, The Financial Planning Group are here to provide a simple, structured, disciplined and reviewable planning service. We will change the fundamental relationship people have with their money to give them confidence and clarity in their own futures.
 
If you are interested in discussing lifetime mortgages, or working through a strategy that’s right for you, please contact Steve Padgham via Steve.Padgham@fpgonline.co.uk or call him on 020 8614 4782.
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The Financial Planning Group - COVID-19

 
Firstly, we hope you and your family are safe and well.
 
Here at The Financial Planning Group, we are assessing the COVID-19 situation on a daily basis and, as officially nominated Key Workers, our office will continue to operate as close to normal as possible and our staff will remain available during office hours to offer help and advice to our clients either on the telephone or via e-mail.
 
We are aware there may come a time when we have to close our offices temporarily, at which point we have a contingency plan that will come into practice to enable us to continue operating remotely. 
 
The COVID-19 situation is fast moving and changes on a daily basis, however, we will continue to offer our clients advice, as well as the reassurances they need at this very unsettling time.
 
Again, our phone lines will remain open, our staff will continue to operate, and access to your financial adviser will remain available.
 
If you have any concerns, please contact us in the normal way.
 
As always, stay safe and healthy… from all of us at The Financial Planning Group.
 
 
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