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Gifting to Grandchildren
MIL has excess income each month and would like to gift appx £100.00 x5 each month She is 85 IHT is not an issue The grandchildren are direct beneficiaries in her Will She is living independently in her own home. The gifts would be out of her income not her assets/capital. Are there any other implications we should be…
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W H Smith £5 evoucher Red spotted hanky
Has anyone come across this?
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Understanding deferred state pension
Hi, I'd be grateful for advice on this if anyone knows how pension deferral works and how it affects other things. A good friend of ours (single and living alone) will be 66 on 2nd October. She continued working part time when she reached 60 and so deferred her state pension (she won't qualify for full state pension ...and…
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Giving away money - do we both have to live for 7 years?
My wife, who is much younger than me, wants to give a not inconsiderable sum to our son. If the money comes from her own account, do I have to survive for seven years as well as her? What if it comes from a joint account but she signs the cheque herself? I've searched everywhere to try and find the answer... Thanks in…
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Do financial firms do enough to help people who have retired?
Age UK has set up a financial services commission to look into how financial firms can help older people cope with money matters. It wants to hear your thoughts and tales The charity for the elderly frequently hears from people about the problems they face with finance – and all too often financial institutions seem to add…
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Years 50-60 compared to 40-50?
My DH is nearly ten years older than me and turns 50 this year. From 40-50 he didn't change much apart from losing more hair and getting a bigger tummy! This last few months though he has had a bad knee that hasn't got better and his *ahem* "bedtime action" has massively decreased. I'm getting a bit worried about how…
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Spend or save?
You've all given me valuable advice with my MIL problem, so I hope you have some good advice re my close friends' situation. 'Steve', the husband of my best friend 'Trudy' (not their real names!!!), was diagnosed with severe vasculitis a little over 5 years ago and had to permanently give up work a little over a year ago.…
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elderly aunt.
Hi everyone this a follow up and another question about this post. https://forums.moneysavingexpert.com/discussion/4823053 So the time has come and my Aunt has been in a nursing home since the 30th December. We had a meeting with the nursing home and social worker on Friday. She will defiantly staying there and My mum has…
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Clothes shops for women over 50
Has anyone heard about a high street chain of shops which closed down (year or so ago?) and subsequently re-opened as clothes shop targetting the over 50s and apparently doing very well?
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Over 50s Money Saving Board - please read for links to important topics
This is the new Over 50s Money Saving Board Sticky where links to all current important threads will be kept. Links: Continuing Health Care - Preparing to fight PCT's decision Great 'What discounts can I get now I'm over 60?' Hunt Living abroad tips and hints for money savers Pension Credits, WFA and other websites
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Ruling on home and care fees
Not sure if this is the correct place - not even sure if this new ruling will be challenged and not seen it reported anywhere else apart from Daily Telegraph! http://www.telegraph.co.uk/finance/personalfinance/insurance/longtermcare/10630236/Over-60s-with-parents-in-care-dont-have-to-sell-homes.html This says that a judge…
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How much is 'enough' for a single pensioner?
Dear all, Your advice would be much appreciated as I'm sooooo frustrated... As I've posted in other threads, my hubby is likely to lose his incapacity benefit in 5 weeks' time, and because I work full time he's not entitled to JSA, so we will need to tighten our belts a bit. We've worked out all our bills etc and once…
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Do you get frustrated at people throwing money down the drain?
A close relative recently came into a modest inheritance which although not life changing is far more than he has ever had before. I suspect it's the first time he has had more than a few pennies to his name and he still works at probably around the minimum wage. I somehow suspected this would be quickly wasted away. I…
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Workplace pensions
Hello At the age of 62 do you think as I do that it would be better for me to opt out of the Workplace pension.
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How many of you are positive about flat living in retirement?
I ask because I get quite frustrated with flat living. We moved into a flat about 7 years ago, but I have never really settled in and relaxed. Largely due to my antipathy it does not feel like our forever home despite all the improvements we have undertaken. There are positives like security, lock up and leave, and easy to…
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Question about wage status / concessions for 50+
Hi Everyone I wonder if you can help. I'll be retiring soon aged 58 and on a private pension but won't get my state pension until I am 66. My question is about concessions for over 50s - for entry to places and courses etc. Can I ask for concessionary rates as I am on a low wage but have no evidence of income like a…
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£10 M&S voucher- visit McCarthy & Stone
(No minimum or maximum age specified) Take a guided tour of any one of the McCarthy & Stone developments as listed on the link below before February 28th 2014 to receive £10 M&S voucher. Royal Voluntary Service will also receive £10 donation. http://www.mccarthyandstone.co.uk/terms-and-conditions/rvs-visitor-incentive/…
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Hubby retiring, reviewing the budget...
Hello, I've been doing a spreadsheet with our ins and outs. We have paid for the last 20 years for "whole of life" life insurance ( I know). I am going to cancel this after I have arranged some term insurance. I can't decide whether we actually need any life insurance now. Our daughter is 20 and is working ( just finished…
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looseing home after probate
My partner died a year ago from cancer. she died the night before she was going to finalize her will. We never married so I am aware that I have no rights. We was tenants in common. A deed of variation to her will was agreed. The executor of her will is her sons whom are also the beneficiary of her estate. The house that I…
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Got another job!
Having retired in 2004, living in Spain for eight years not working and then returning to the UK and becoming a professional Home/Petsitter at the age of 62 in 2012, I now have a second job :) . This one is voluntary. I'm going to be working for a Christians Against Poverty Job Club, run by our church. I'm going to be a…
