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.

Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register ( under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.

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Mills Bakery, Royal William Yard, Plymouth, PL1 3GE

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