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New to the Over 50s MoneySaving board? Start here
🌳 Useful links to forum threads and boards * Pensions, Annuities & Retirement Planning * Deaths, Funerals & Probate 🌳 Useful links to MoneySavingExpert.com guides * Over-50s' MoneySaving * Station Pension * Cheap and Free Wills 💡 If there's a link you think we should include here, please send me a message!
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Away From The Madding Crowd
Hello and welcome to my little part of this wonderful MSE
community. For almost 10 years I have read
the contents of various forums seeking advice and inspiration regarding a
multitude of subjects. The help and
knowledge that I have gained cannot be underestimated and there are literally
too many people to thank…
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What is on your bucket list
I am 64 Probably retired very shortly..... Just interested in what others would put on a bucket list (to get a few ideas)
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Wealth
As one enters the twilight of one's life, I often ponder. What do we mean by wealth. How do you know you have died "rich" Is it the money in the bank? Number of homes you own? Number of descendants you have created? Number of people who are there to care and look after you in your old age? Number of people you have at your…
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How much to live on
How much do you expect you will require to live on each month when you are retired? ie no mortgage, no commute to work BUT maybe higher heating, hobby costs. I'm getting to the stage where I'm realising that I don't need to be super rich to retire and will only really require living costs but I don't know how much I should…
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Living it up by the sea
Thought I would start my own thread as I regularly read others on this site. Myself and my husband moved to Lincolnshire after he was forced to take retirement due to ill health 13 years ago. Started looking for a property with more land in a nice area and ended up here! Since moving to Lincolnshire, we have moved another…
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The Senior Wonder Years!
I have decided to open my own thread in this section of the
forum. I am doing so to give myself an outlet to describe and reflect on my ’retirement’
as well as documenting how finances are hopefully supporting my ‘Wonder Years!’ I will still contribute to the ‘How Much To Live On’ thread
which has been part of my life for…
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Will amendment
Recently had a new Will drawn up with solicitor. Since then my daughters partner has left her, I had named him in the Will to receive all my tools, I now want to amend this and leave them to my daughter, i don’t really want to go back to the solicitor to amend this and have another fee to pay, I understand I can make a…
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Retirement nest egg building
If you had 5 years until retirement, with no personal pension but £5000 -£10000 to invest, what would you do? Pension or other?
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DIY LPA
Has anyone written and registered their own LPA?
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Handyman service
Age UK have a handyman service in my area of West Yorkshire. It's for over 60s for home owners and social housing. I've had a door chain ..key safe..and furniture moved for cleaning. Payment is required for materials. Worth checking your local branch
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Private Pension Tax
My husband is a non tax payer as his pension is under the £12500 tax threshold. He is 62 yrs old so has not qualified for his State Pension. My husband withdrew his full tax free 25% from a further personal pension plan he has in 2023. He plans to take a further lump sum in this tax year - Approx £7k. We understand that…
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Wills
My mother made a Will with a solicitor in 2010/2011. She has a receipt from the solicitor. She is now 95 years old and in hospital following a recent fall. She has age-consistent mild cognitive impairment but not vascular dementia or Alzheimer's. Before her fall, she wrote to her solicitor to see a copy of her Will. The…
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Deprivation of assets vs just spending as you go along
If I sell all my assets, turning it into liquid cash, and then spend it and gift to my friends and family to spend. And I mean SPEND, not invest into tangible assets. Like use it to live, see the World, savour Michelin star restaurants, experience VIP Taylor Swift concerts, enjoy relaxing massages and Spa holidays, play on…
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Wealth management
Whats size of estate (property, stock, cash, chattel) is considered large, and would be worth engaging with a wealth management advisor? Also how do they charge. Is it a fixed cost per advised or is it calculated as percentage of the estate value they are being asked to manage? thank you
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Bus pass petition
Just seen this, sign if you can. Apologies if already posted https://petition.parliament.uk/petitions/652985
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Bringing spouse from abroad
I am going to marry a USA citizen and bring them back to the UK. What will they be entitled to? Will they have any problems getting NHS treatment? Will I be entitled to the tax marriage allowance? Will my wife be entitled to any government pension or benefits? We are both in our 70s, and I have a full Government and work…
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60+ oystercard application problems
I am less than 2 weeks from my 60th birthday and have set up a photocard account. However, it does not give me an option of applying for a 60+ card, only for a student or apprentice card. I called TFL but they didn't answer and I wasn't even allowed to join a queue to talk to someone. Has anyone else had this problem?
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Live in carer costs
Can someone tell me the ball park costs for a live in carer? 50k a year? Trying to work out how much money one needs to set aside in case of needing care but wants to avoid institutionalisation. Is there a current easy access price list someone can link
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care costs
Just listenting to this episode of you and yours. This poor couple have had to fork out £4k a month to pay for the husbands care. She has spent over £200k of their life savings to look after her husband with dementia. Yet if they had been a couple who either never worked, or spent every penny on luxury holidays or gave it…
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Support with home improvements
My mum is a pensioner and extremely budget conscious. She has gone most of the winter barely putting the heating on to save money and yet still needs to dip into her modest savings every month to make ends meet. She has recently discovered that her roof needs to be replaced and is very stressed as the quotes she is getting…