The money from equity release is tax-free
Now there is an old saying around that says “There are only two certainties in life; death and taxes.’ Now as true as this saying is for most of the things in life, it doesn’t apply to equity release because usually, the money that you release from your property is totally tax-free. No windfall tax, no income tax or any other kind of tax for that matter. The reason being is that it is already your money. You have paid tax on it before and so will not have to pay tax on it again.
