Equity Release and State Benefits

Equity Release and the effects it could have on your State Benefits

Releasing money from your home via an equity release, you should be aware that having more money in your bank account could affect other benefits that you receive.

Below State Pension Age Benefits Not Affected

• Carer’s Allowance
• Child Benefit
• Personal Independence Payment (fomerly DLA)
• Employment and Support Allowance (ESA) - formerly Incapacity Benefit

Below State Pension Age Benefits That Could Be Affected

• Council Tax Support
• Health Benefits: eye tests, glasses, dental and prescriptions, school meals, vitamins and milk
• Employment and Support Allowance

Above State Pension Age Benefits Not Affected

• Attendance Allowance
• Carer’s Allowance
• State Pension

Above State Pension Age Benefits That Could Be Affected

• Council Tax Support
• Health Benefits: eye tests, glasses, dental and prescriptions
• Pension Credit

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