Just as you wouldn’t buy a house or buy a new car without first doing your research, when it comes to funding that big ticket spend in retirement, you need to compare all the options. You may even prefer professional advice to find out what approach suits you best. Why not put our Funding Comparison Tool to the test?


When you’re buying a house, you don’t just pick the first one on the block, or even off the estate agent’s web site. You look around, get a feel for the neighbourhood, draw up a checklist of must-haves – you do your research and make comparisons, in the hopes of getting the full picture. Sooner or later you’ll probably get some professional advice, from an estate agent, a surveyor, a solicitor.

After all, we’re talking about an emotional, as well as a financial investment. It’s a decision you’ll be living with for years, and it must be the right one. It seems we compare everything these days, from buying a house, to test-driving a car, to buying insurance online. So why should it be any different when making a huge financial decision such as funding a major purchase in retirement?

When you’re looking at your future retirement and thinking about raising finance, you want to be sure of the best way to fund all those plans that you’ve dreamed of over the years, as you’ve worked hard and saved carefully into a pension. But you also want to get the wider view, to ensure that funding choice is the right one that suits your circumstances and allows you to sustainably meet your plans over the long term.

How are you going to fund your next big spend in retirement?

To help answer this vital question is why we’ve launched the Funding Comparison Tool. The Tool has been designed for people in your situation: already retired, or looking to retire or scale back on working life and begin ticking off some big-ticket plans. But who aren’t sure of the best method of financing their next big spend.

free2’s Funding Comparison Tool looks at some of the main ways of raising a lump sum over 55, and examines the pros and cons behind each alternative. It may help you identify your available options for raising a lump sum, while perhaps eliminating some of those options that you do not wish to pursue. It may also reveal areas where you should seek professional financial advice.

Intuitive and easy-to-use, the free tool covers a lot a lot of ground: It compares using your savings vs borrowing through an unsecured loan; taking on Equity Release, vs taking cash from a flexible pension, and more. Its purpose is to put everything in perspective, to give you confidence to make important decisions.

So, do you really need to raid your nest egg to fund your next big spend in retirement? Why not try our Funding Comparison Tool to see the full picture? It might just open up some new possibilities.

Use comparison tool


Important Note
The Funding Comparison Tool is not intended to provide personal financial advice and any action taken will be your own responsibility. If in doubt, please seek advice from a professional Financial Adviser.

Free2 Limited (trading as free2) is an Appointed Representative of RS Consumer Finance Limited (RSCF) which is authorised and regulated by the Financial Conduct Authority (the FCA). free2 is a credit broker, not a lender, and will only offer loans from RSCF – an offer of credit is subject to status and affordability. Terms & Conditions apply. www.free2.com



Financial freedom in retirement

However you choose to define it, it’s knowing you don’t have to work to live, but to add life to your retirement years if you so wish. It’s knowing your mortgage is cleared all your essentials are covered, and your luxuries are all budgeted for with a rainy-day fund in case the roof falls in. It’s a good feeling. One you want to savour. At free2, we’ve been doing some serious thinking about how people can plan their future financial security, and we discuss how you may be closer to Retirement Freedom than you may think, here.

Read more

Freedom from your Mortgage

The arrival of Freedom Day has prompted us to think about how consumers can gain their own financial freedom, something many of us dream of and work towards for decades. An important first step is paying off a mortgage. There can be considerable obstacles, but there may also be unthought of opportunities. Find out more here.

Read more