How would you spend your tax-free cash?
If you’re considering releasing a cash lump sum, you’ve probably already got an idea of how you want to spend it. Here are some of the ways you could spend the money you access through later life finance.
Paying off an existing mortgage
Gifting money to family
Going on holiday
Clearing existing credit cards and loans
Replacing the car
Making home and garden improvements
Things to consider You should always think carefully before securing a loan against your property to repay existing debt.
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