Saving for retirement
Saving for retirement is essential if you want the financial freedom to enjoy your later years.
Unlocking equity
Equity release lets you unlock some of the money tied up in your home while you continue to live there. It’s usually available to homeowners aged 55+, and the amount you can release depends on your age and your property value.
You can spend the proceeds of equity release in any way that you want, whether that's to pay for home improvements, help loved ones onto the property ladder, or to pay for your retirement.
Use our equity release calculator below to get an estimate of how much tax-free cash you could release from your home. Using the calculator does not commit you to anything, and will not affect your credit score.
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Frequently asked questions
How accurate is the calculator?
It’s an estimate based on typical provider criteria. The final amount depends on lender assessment, your circumstances (including health), and property details.
Is the money tax-free?
Equity release funds are usually tax-free, but it can affect means-tested benefits. If you’re unsure, it’s worth getting advice.
Can I still leave an inheritance?
Yes, but you need to be careful how quickly the loan grows. Some plans offer inheritance protection that allow you to ringfence money to leave as an inheritance, and some equity release products allow you to make repayments.
Is equity release safe?
Equity release is regulated in the UK. Many plans also come with safeguards (for example, a no negative equity guarantee on eligible plans), which means you’ll never owe more than the value of your home when it’s sold. Always check what protections a specific plan includes.
What happens if I want to move home?
Many plans are portable, meaning you can transfer the loan to a new property (subject to the lender’s criteria). If the new home isn’t acceptable to the lender, you may need to repay the loan.
It's a big decision
Equity release is a big decision, and can reduce the value of your estate. It may affect your entitlement to means-tested benefits, and could impact your tax position. If you choose a lifetime mortgage, interest is added each month and the amount you owe can grow quickly.
You should consider discussing your options with family and getting independent, regulated financial advice before you go ahead.
Reviewed on 22 Dec 2025 by
