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Recent research has revealed that more than 10 million over-65s own their homes outright, bringing property wealth owned by this age group to over £2.9trn. Around 37% of this wealth is in London and the South East, with over 65s in these regions holding £520bn and £582bn in the value of their homes respectively. Key Later Life Finance, which carried out the research, said average income for a pensioner currently sits at £20,120 a year, rising to £29,170 for couples, and that these figures could be “substantially enhanced” if older homeowners made use of unencumbered equity. Unlocking home equity is one way to boost retirement funds or help support younger

A significant change to Inheritance Tax (IHT) rules is on the horizon. Currently, pensions are widely used as a tax-efficient way to accumulate and pass on wealth. However, with unused pension funds falling within the scope of IHT from April 2027, many people could see a higher proportion of their estate subject to IHT. This is prompting many to reassess their current estate planning strategies, particularly those with larger pension pots.  With research7 highlighting over half (57%) of clients are unaware of the imminent change, now is the perfect time to tune in. These changes could increase the taxable value of estates, meaning loved ones may ultimately face higher IHT liabilities on pension savings.  What’s right