Pension & benefit

salimnina

Hi,
It will be a while till I retire, in about 15 years, but I am wondering what happens to my rent and what kind of benefit I will be entitled to, is it going to be my pension ?  Who is covering my rent ?

molerat

salimnina said:

Hi,
It will be a while till I retire, in about 15 years, but I am wondering what happens to my rent and what kind of benefit I will be entitled to, is it going to be my pension ?  Who is covering my rent ?

Why do you think you will receive any form of benefit ?

Will you be on a low income when you retire ?

Will you have any savings ?

Are you disabled ?

Have you checked your state pension entitlement ? https://www.gov.uk/check-state-pension

Who will cover your rent - generally you unless your income is below a certain amount.

There are lots of benefits available but the majority are means tested so without more information about your circumstances no one can say what you will be entitled to.

zagfles

You might get housing benefit. See Housing Benefit: Eligibility - GOV.UK (www.gov.uk) 

But obviously the rules could change before then. 

NedS

salimnina said:

Hi,
It will be a while till I retire, in about 15 years, but I am wondering what happens to my rent and what kind of benefit I will be entitled to, is it going to be my pension ?  Who is covering my rent ?

You will always be liable to cover your rent as you have entered into a legally binding tenancy agreement with whomever you rent the property from.

You may be entitled to some help towards your rent (for example, Housing Benefit), but it will always be you that is legally liable to ensure your rent is paid.

Sahara20

Are you talking about state pension (have you checked your forecast)?  Have you checked your workplace pensions?  Depending on the projections you may need to downsize to a cheaper rented property?

vacheron

salimnina said:

Hi,
It will be a while till I retire, in about 15 years, but I am wondering what happens to my rent and what kind of benefit I will be entitled to, is it going to be my pension ?  Who is covering my rent ?

My aunt and her partner live in a private rented house. 

They are covering their rent, but their pensions alone are not sufficient. For this reason they are both still working part time.

She is 73 and he is 72.

itsthelittlethings

Have a play with one of the benefit calculators to see what you might be entitled to.

Flugelhorn

it is one of the problems of renting - people who have had a mortgage have usually managed to pay it off by the time of retirement so just have the usual CT / maintenance / utilities to fund 

salimnina

So it is means testes benefits depending on work and state pension and there will be a threshold when to start covering the rent.

squirrelpie

Would this discussion be more appropriate in the benefits section?

Silvertabby

Really a bit pointless asking what the rules are now  - 15 years is a long time in politics.