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enquiries@fifty5plus.com
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RETIREMENT HOUSING EXPLANATIONS to help you find your perfect retirement property.
They are listed A-Z. Click on a letter to view the lists... A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	Income & Expenditure Account	Reconciled in the yearly accounts for each retirement scheme..
	Income Support	If all you have is the basic state pension then you are likely to qualify for income support. This means you should not have to pay for council tax and should get support with any rental payments..
	Independent Living	Most people in retirement housing are more than capable of looking after themselves and require minimal support. For many, independent living, with the knowledge that help is on hand if needed, is all the reassurance required..
	Inheritance Tax	Something most of us have to pay sooner or later and presently anybody with assets worth more than £325,000 has to pay 40% in tax. Any money given out to children within seven years of a parents death is also liable to 40% tax. .
	Initial Community Care	This company specialises in systems for the safety, security and care of people and property in all aspects of modern living and working environments. http://www.ies.uk.com .
	Insight Medical Products	Manufacturer of security products: eg 'Keyguard' - a keybox that needs no power source to control access to a property. Also a 'scald' warning device to ensure no accidents occur with bath water that is too hot. For further information telephone 01666 500055..
	Insulation	This should be greater in retirement housing as people spend more time in their houses so not just for heat but sound as well. As with the human body a lot of heat is lost through the loft as well as openings such as doors and windows. Keep an eye on adequate ventilation..
	Insurance	Contents insurance is normally the responsibility of the owner/lessee and buildings insurance is covered in the service charge and is the responsibility of the management organisation..
	Internal Repairs	Need to check the lease. Internal decorations are normally the responsibility of the owner/lessee..
	Internet Office	Sometimes provided on new developments but these days most people have computers in their own homes..
	Intestacy	Where you've forgotten to make a will and there is no executor..
	Introduction	Talk to family and friends. This may be the first time you have considered moving from a larger or less suitable property to one that has been designed with the needs of older people in mind. Whilst many people wish to rent as they get older this guide is concentrating on the private sale sector which is still relatively new, bearing in mind such accommodation barely existed before the 1970’s. It is very important to think about what you want and what is important to you, as well as your family and friends. Do you really need all that furniture? Whilst downsizing doesn’t necessarily mean a smaller property it certainly doesn’t have to mean a change in style or comfort – smaller numbers of rooms perhaps but not in standard of living. There will inevitably be some concessions to make as having closer contact with people in retirement housing is different to living on your own in a larger property or perhaps with a private garden. You may decide to stay where you are or you may move but consider your priorities and whatever you do seek support from family and friends, especially family, as it is they who are likely to come and see you wherever you move and spend more time with you. Often moving closer to children is better for all parties. .
	Invalid Care Allowance	For those who spend at least 35 hours a week looking after a severely disabled person..