Information & advice

Equity release is the term used to cover the various ways that older homeowners can use their homes to generate income or lump sums while continuing to live there.  This information sheet explains how releasing equity from a property can affect eligibility for the means-tested benefits Pension Credit (PC) and Council Tax Benefit (CTB).  The information sheet contains detailed information and is likely to be most useful to advisers or others who are familiar with the benefits system.

If you are looking for general information on equity release read Factsheet 12 'Raising income or capital from your home'. Age Concern strongly recommends that you take independent professional financial advice before deciding whether to proceed with an equity release scheme.

Further information

Please download our factsheet at the top right of this screen for more information.