As the population starts living longer, more and more people are reviewing their later life plans, including financial planning, and unlocking the income from their homes, amongst other things.

Canada Life conducted a survey last year which showed that more and more people want to increase their income by either taking out equity release on their homes, or downsizing.  

As it turns out, single women are twice as likely as single men to consider a lifetime mortgage, and accounted for more than 25% of lifetime mortgage business in the first half of 2019.

There's also an increase in single women taking more financial advice and tax planning than before, with a view to safeguarding their hard earned cash and pensions.   

Tax planning, backed by a bespoke Will and Power of Attorney, is something our team are experts in, so please feel free to contact anyone of us to discuss further.