When it comes to saving for retirement and planning for your family’s future, there are many options to consider and keep in mind. You want to make sure that in the event that anything were to happen to you, that your family is taken care of and provided for.

However, you also want to have a comfortable retirement too. There is an option that is becoming more popular and that is equity release programmes that allow people who own a home to get the equity out of the property to use and live on, without having to make a payment on this money.

These can be great programmes to use, since you get the money you need and you are still living in the home also. However, you do want to keep in mind that when passing money and property on to family, there may be an inheritance tax threshold and other considerations too.

This part of retirement and estate planning can be complicated at times, however, it is best to work out the details as soon as possible to make sure that you are covered and your family is too. Using the equity release will give you the money you need for retirement, as well as providing for your family.

No matter what choices you decide to make, you want to start planning now and considering all your options well in advance.