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Could equity release be an option for expats looking for retirement cash?

Tue 28th Sep 2010

New research has found that more than 60 per cent of individuals aged under 65 years intend to work beyond retirement age.

The news could lead to an increase in the number of individuals looking to see how an equity release scheme could provide a boost to their income.

According to the Barclays Wealth study, Brits are more likely to carry on working past retirement age than any other nation.

"Whilst in previous generations there have always been an energetic few with the health and drive [to keep working], many looked to create their wealth early on in life with a view to enjoying it whey they retired" said Greg Davies at Barclays Wealth.

However, Mr Davies added that this report reflected a change in attitudes, with many individuals looking to continue working beyond the traditional retirement age.

Expats aged over 55 years who still retain a property in the UK and are curious about how the value of their home could see them receive a tax-free cash boost can find out by seeking advise from a professional scheme provider.

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