Q Do I have to wait until I am 65 before I can take anything from my pension plan?
A no. You can take pension benefits at any time from age 50. But from April 6, 2010, the minimum age for this will increase to 55.
Q We're in our late 50s and struggling with our mortgage, which we took out 10 years ago. What about equity release to help us?
A there are other options you should consider, but yes, one option could certainly be to consider equity release. A conventional lifetime mortgage will not require any monthly repayments from you.
For more detailed advice on these topics, speak to your financial adviser. For a FREE guide to any of these issues, call 0800 544 644.
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