Saving money in your Retirement Years

Most of us will jump at the chance to save a few extra pennies, and when you’re in your golden, retirement years, it may seem even more important to do so to make them truly golden.

If you’re thinking early on and would like some advice, or are well into your retirement years and would like some more info, we’ve put together a list of discounts that seniors are entitled to, to help you see where you can make savings!

Travel discounts

  • Free bus pass – If you live in England and were born before 5 April 1950 you now get free off-peak travel anywhere in England. Off-peak travel is any time between 9.30 am and 11 pm Monday to Friday, and all day at weekends.
  • Senior rail card – You can purchase a senior rail card for just £30 for a whole year, which will entitle you to third-off rail fares throughout the UK.
  • Senior coach card – Likewise, in England and Wales, if you’re over 60, you can purchase a Senior Coachcard for £10, which will give you a third off all National Express coach fares.
  • Free passport – If you were born on or before 2 September 1929 you can get a free passport. If you’ve applied for a passport since 19 May 2004, apply for a refund.

Healthcare discounts

  • Free prescriptions – Those over the 60s receive free prescriptions in the UK, saving over £7 a time when it comes to buying prescription medication.
  • Free eye tests – You will also be entitled to free eye tests, and a lot of stores that sell glasses will do discounts for seniors on specs, too.
  • Free NHS dental treatment – There’s an article here that explains whether you will be entitled to free or discounted dental treatment as a senior that is worth taking a look at.

State benefits and entitlements

  • Pension credit – If you’re in any doubt as to when you can start claiming your pension, use’s simple State Pension Age Calculator. State retirement pensions are based on your National Insurance contributions throughout your working life.
  • Cold weather payments – These are £25 payments for each seven-day period of very cold weather between November and March. You’ll be eligible for it if you claim any other income-related benefits.

Living discounts at home and in sheltered homes

  • Disability living allowance – You can get up to £138.05 a week to help with the extra costs caused by a disability. You should check if you’re entitled for help when paying for elderly care, too.
  • Council tax benefit – If your savings are below £16,000 or you’re on a low income you’ll be eligible for council tax benefit. The most you can get is a 100% reduction, so it’s well worth applying for. 

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