You have the option to take up to 1 / 3rd of the benefit as tax - free cash lump sum as per the current income tax regulations. (comparepolicy.com)
Equity release could allow you to release a tax - free cash lump sum for any purpose e.g. debt consolidation, home improvements or to supplement your income. (stepchange.org)
Take up to 1/3 of the benefit as tax - free cash lump sum as per the current tax regulations. (comparepolicy.com)