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Over 50s MoneySaving

Discuss MoneySaving topics for older people, including senior citizens' discounts.

Gifts to Children (money or otherwise)
My elderly mother wants to help me to buy a new car. I understand that she can give me up to £3000 per year and £6000 if she has not used last year's allowance. If she bought the car herself and then gifted it to me would inheritance tax still come into it? Alternatively, if she bought the car and I paid her back monthly…
care home fees
my friends dad is in a home because of dementia,the council pay something towards the fees and her dad pays the rest,i thought i had seen something about people with dementia not having to pay,or have i dreamt this?
Trusts
Hi there folks, Was wondering if anyone can help re trusts. I have some commercial properties and i would like to start the process of getting them in order for my children etc. does anyone know much about trusts and cgt, inheritance tax and the like? I assume i would require to be around for a few years for the trust to…
Warm home heating allowance
Hi everyone just some information that may help you, I was granted the warm home allowance of £130 last year and this runs until 2015. I was told I wouldn't have to re-apply but I have just changed my electricity supplier, I have now gone with EDF I was with EON Staywarm, because I didn't changeover before the 21st of July…
Clothes for older people
I saw a thread some time ago with losts of ideas for mail order clothes for older people but I cannot find it. I have PoA for my aunt and she is in desperate need of new clothes but cannot really go shopping to try things on and I was hoping to get some catalogues. Can anyone remember when the thread started/ended? Any…
MSE News: Saga calls for savings scheme to beat 'care crisis'
"The Government should introduce a personal savings scheme to fund people's care in later life, Saga says..." Read the full story: Saga calls for savings scheme to beat 'care crisis'
Long lets in Tenerife
We are hoping to start (next year) going to Tenerife (South) for the months from beginning of November to the end of February. We usually visit just after Christmas for a couple of weeks but have been unable to spend much longer because my husband is still working. However, we think we have found a solution to this :) .…
Winter Heating Allowance
Hi, just wondering if anybody has had this yet ? The £200 winter fuel payment? My neighbour says he's had his letter and his money is in.
Elderly grandparent want to put house in trust for grandchildren
My elderly mother has left her estate to her grandchildren in her will. She is worried that if she dies soon one of her grandchildren although in their 20's would not use the money wisely and so she would like to put the money into a trust to safeguard it. Is this expensive to do and are there any disadvantages to doing…
Mum going in home
Mum owns her own house and dads name is not on deeds. Mum is having to go into a nursing home so dad will need full time care as he has slight dementia. If mum is not eligable for continuous care and has to pay for her care, will her house be taken into consideration as an asset or will she have to sell it, as she was…
Dunelm - keep an eye on the till!
Hallo! I love Dunelm, has everything I need home-wise. Today I was shopping there and found a couple of items that were on offer. At the till, however, the offer prices didn't show up, just the full price, and fortunately I was awake enough to notice. Bored young cashier called older manager who went off and checked the…
Admin of life
Hi Does anyone else get fed up with spending hours on admin? I seem to spend so much time checking on MSE for discounts (thank goodness this resource is available) plus entering meter readings, comparing insurances before renewing, checking bank statements for fraud, etc etc. Any ideas on how to minimise hours spent on…
Special gift for a 65th birthday
My mum's 65th birthday is fast-approaching, but I'm lost for ideas on this occasion. I'm hoping that I might get some good advice on this board. Material things are not required, she's got everything she wants and doesn't need any more things. Flowers are the norm, she doesn't much like eating out (like me she's a critical…
Cataract treatment
Hallo all, After several months on the waiting list I finally got a letter asking me to arrange an appointment at the Opthalmology department of my local hospital. Over the past few years when getting my eyes tested for reading glasses I have been told by the optician that I have developing cataracts. I dont know what the…
Christmas Saving Schemes
My mum and her friend used to use a Thrift club run by the local British Legion to save for Christmas. This is the last year the club is going to run the scheme and so from next year they need to find another way of saving. The payments are approximately £10 and £20 per week. I suggested a traditional post office savings…
Rail card
A friend will be 60 soon - if she buys a Senior Citizen railcard can she use this to obtain a 30% discount each week on her commute on Northern Rail trains? She buys a weekly ticket every Monday morning.
Retirement flat management fees
I am considering moving to a retirement flat, as I can't manage my small house owing to ill health. I am on a very low income, but I have savings. I am hoping there will be some equity left from the house sale as the flat should be cheaper. However not knowing how long I might live, I might run out of capital/savings in my…
Which Frozen Meals for the Elderly?
I am looking to set up a supplier of frozen ready meals for my elderly mother. My research has taken me to several supplier websites such as Country Home Foods, Wiltshire Farm Foods and Oakhouse Foods and all seem to be very similar in what they offer. I have not been able to find any websites that give any reviews or…
When do I stop paying National Insurance?
I have a state pensionable retirement age of just under 64 years, does this mean I will continue to pay NI contributions until then? I've got a feeling that they won't stop at 60 - anyone know if I'm right?
MSE News: Funding concerns over elderly care
"The Government is failing to adequately plan for the care needed by our rapidly ageing population, says a new survey ..." Read the full story: Funding concerns over elderly care

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Tuition fees and maintenance loans to rise in Wales – here's what it means for you
Universities in Wales will be able to charge full-time undergraduate students up to £9,535 a year from 2025/26, the Welsh Government has announced today (Wednesday 4 December). Student living support – also known as maintenance loans and grants – will also rise by 1.6%. Here's what you need to know.
Nationwide hikes FlexPlus packaged account fee by £60 a year – should you ditch and switch?
Nationwide has raised the fee on its popular FlexPlus packaged bank account from £13 to £18 a month – a £60 a year increase. So now's a good time to check if you're still getting value from the perks or whether you should ditch and switch.
'I got a £430 refund for my son's faulty PlayStation after following Martin Lewis' tips' – here's how to enforce your consumer rights
A MoneySaver who'd initially been fobbed off by Argos after her son's PlayStation 5 broke has now secured a partial refund worth £430 after following tips in a social media post from Martin Lewis. The MoneySavingExpert.com (MSE) founder had highlighted that your legal rights when goods are faulty are with the shop you purchased from, NOT the manufacturer.
TV licence fee to rise by £5 a year to £174.50 from April 2025 – how to delay the hike
The annual cost of a standard colour TV licence will rise to £174.50 from 1 April 2025 – an increase of £5 on the current price of £169.50 a year – the Government has announced.
Tesco shopper? It's your last chance to use £18 million worth of Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check if you have any vouchers close to expiring, as £18 million-worth are due to run out on Saturday 30 November. Don't want to spend your vouchers yet? We've got a trick to extend their validity.
Homeowners set to wait even longer for leasehold reform – here's what's happening
Homeowners will have to wait even longer for major leasehold reform after the Government described the previous attempt at overhauling the sector as "flawed". Here's what you need to know.
NS&I to cut Premium Bond prize rate to 4% – are they still worth it?
NS&I will cut its Premium Bond prize-fund rate to 4% from 4.15% for the January 2025 draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you're a bondholder, you may want to consider moving your cash to an interest-paying account.
Mortgage holder? You may have less time to lock in a new rate before your current deal expires
NatWest is the latest major lender to reduce the amount of time its mortgage customers have to lock in a new rate ahead of their current deal ending, joining five other high street banks. The changes mean you've less time to insure yourself against rates rising before your existing mortgage comes to an end.
Tesco shopper? You've just DAYS left to use £18 million worth of Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check if you have any vouchers close to expiring, as £18 million-worth are due to run out on Saturday 30 November. Don't want to spend your vouchers yet? We've got a trick to extend their validity.

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Over 50s MoneySaving

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