Retirement Benefits and Allowances
As well as your State Pension, you may be entitled to other benefits and allowances in retirement.
What benefits could you be entitled to?
Below, you’ll find information about the different types of benefits you may be entitled to. These can be split into two categories:
- Means-tested benefits – these are benefits you can apply for if your income, including any savings and investments, is below a certain level.
- Other benefits – these are benefits that you may be entitled for, which are not means-tested.
How does equity release affect my benefits?
If you’re thinking of releasing equity from your home, bear in mind that this will increase your wealth and could, therefore, impact your entitlement to means-tested benefits.
Next steps
Want to know a little more about tax in retirement? Read about:
