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Citizens Advice - Hillingdon Independent Financial Advice

Are you on low to middle Income?

Do you have questions about finance and not getting advice elsewhere?

What can I discuss

Financial Planning             Mortgages

Banking & savings            Re-mortgages

Investments                       Endowments

Life/Health Insurance       Equity Release

Pensions                            Care-home fees

Understanding financial products/correspondence

The adviser is not allowed to sell you any financial products

Contact Citizens Advice Hillingdon in person or by phone on 0344 848 7903 to book a 45 minute appointment on the last Friday of the month at our Uxbridge Office


Umbrella org:
Citizens Advice
Area serviced:
London Borough of Hillingdon
0344 848 7903

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Subject Definitions

Services providing advice and information .
A cash sum is released from your property and this is used to buy an Annuity which in turn pays out a monthly amount. Part of this is used to pay the interest bill of the loan and the remaining balance can be used for an income. The original loan is then repaid when the property is sold, or you move into long term care.
Financial advice is given on specific areas of your finances. It works well with financial planning for the whole of your financial security.
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount (at regular intervals or in lump sums).
Employers can set up an occupational pension scheme for their employees. An occupational pension scheme can be offered to both public and private employees. If your company does not offer a pension scheme, you can set up a private stakeholder, or personal pension. Your employer will not usually contribute to your private pension but your pension provider will claim tax relief from HM Revenue and Customs at the basic rate of 20 per cent and add it to your fund. If you are a higher rate taxpayer, you will have to claim the additional 20 per cent rebate - making a total of 40 per cent - through your annual tax return.
Private health insurance is a form of personal insurance which can cover the costs of medical treatment. It can be used to pay for consultant fees, treatment at a private hospital, physiotherapy and further care at home. There are other companies which can offer this aswell as Home Insurance,Motor insurance and Travel Insurance to name but a few.
Equity release is a term that refers to the various ways in which older homeowners can use their homes to generate income or lump sums, either with a loan secured on their home or by selling their property (or part of their property) but continuing to live in it during their lifetime