Over 50s MoneySaving

Archives for August 2017

Property trust wills
Anybody got an idea how much it will cost to have it drawn for a couple? I understand the house must be owned in tenants in common. I am thinking of changing my will to include a property trust so that half of my property should go to my grandson. Any pros and cons? Thanks
Power of Attorney - what's the point of registering with OPG?
As title really, I hold POA (old style) and am trying to sort out my mother's affairs including changing addresses with various pension providers, utility companies etc as she has moved. One has asked for an emailed scan of the POA document, some have asked for nothing at all and some want the full original document which…
Emergency (i.e.) cash fallback fund in retirement
I have spent today updating my meagre savings and investment figures and three ISA's are expiring within the next couple of weeks. I have been considering where to move them for the best safe return and what I really want to know from those of you who have already retired, is what is a reasonable amount to have in…
About working once retired.
Hi, My husband is soon retiring, and he will get the state pension plus quarantee pension credits. He's claimed housing and council tax benefit, which is in place ready. We have no other income and live alone. We have no savings. He will need to get a part time job for us to manage, but we don't know how this works.…
How to agree over inherited house
Hello, My brother and I have recently inherited our family home. He wants to sell and I don't. What's the fairest way of agreeing a price? I live outside the UK and have no idea of the costs involved to either party for the transaction. Thanks
Transfer house deeds after wife passes advice please.
Hello and thank you for reading my post. I'm posting to gain some advice on behalf of a friend. His wife passed away in June 2015, they both purchased together her mothers council house, with agreement that she and her husband could live there until they passed or went into care. Sadly his wife passed just before her mum,…
"Retiring" - employment status and effect on insurance?
I am in the lucky (sort of) situation of retiring early, in about 2 months. The "sort of" bit is that I have had some health problems that are pushing me to retire early. The opportunity to cease F-T work has been facilitated by my employer offering me a voluntary redundancy package. I plan to start taking employer pension…

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MSE News

Barclaycard's cutting minimum repayments – you could be in debt YEARS longer paying DOUBLE the interest
If you've got debt on a Barclaycard, it's likely the minimum you have to repay each month will be cut from July. If you're unaware, and don't act, you could stay in debt for many years longer and pay possibly £1,000s more in interest.
NatWest, RBS and Ulster Bank to close at least 100 branches in 2024/25 – here's the full list, plus alternatives
NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the NatWest Group, will shut at least 100 of their bank branches in 2024/25, after RBS announced a further 18 closures.
Co-op Bank customer? You could be moved to Coventry Building Society in future – here's what's happening
The building society has today agreed to a potential takeover of the high street bank – though it's still very early days and the deal needs regulatory approval.
Got a text, email or letter from the Met Police? Don't ignore it – you may need to act to protect yourself from scams
If you got a text message or email from the Metropolitan Police between 4pm and 6pm on Wednesday 17 April – or you get a letter in the next few days – don't ignore it.
Save up to £1 on your takeaway coffee – while saving the planet
Many of us regularly reach for a cup of coffee or tea to give us a caffeine boost, but if you’re out and about and can't bring a thermos from home, the cost of this can quickly mount up.
Chase customer? Check if you can get its boosted 5.1% easy-access saver
If you have a Chase current account, you may be able to get a table-topping 5.1% easy-access savings rate to go with it, as the bank has launched a new, temporary bonus offer for some existing customers.
New online state pension boosting tool promised to Martin Lewis hit by delays – here's what you need to know
The tool was first promised to MoneySavingExpert.com founder Martin Lewis on ITV's The Martin Lewis Money Show Live last summer and was expected to launch before the end of the 2023/24 financial year.
Spotify to hike prices by up to £24 a year – here's what's happening
If you've got a Spotify Individual, Duo or Family account you'll see prices rise by up to £2 a month (equivalent to £24 a year) in a month's time, the music streaming service has announced.
Subway customer? You've got until 14 May to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until the end of Tuesday 14 May to spend any points you've built up – or lose them entirely.

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