When you have elderly loved ones, it is important to think about their financial security. Anticipating the potential problems they may encounter in the future is essential. For peace of mind, many people decide to take out an insurance policy of some kind. There are several types of insurance available for older people, but it is not always easy to find the right policy for them. This article will aim to inform you about the different kinds of insurance policies available and will hopefully allow you to make more informed choices in the future. What is Insurance? In a nutshell, …
10 Ways to Save Save Save!
It’s not always easy to know how to manage your expenses with only a small pension. Once retired, income can decrease significantly, and it can be difficult to save money without having an additional income. Luckily, many solutions exist to compensate. This is why in this article we have compiled 10 of the best and most effective ways to save money! 1. Write Down your Expenses Writing down expenses - no matter how big or small - is a good way to find out how much money one has in their pocket every month. The first step is to establish a monthly budget and how much money will be …
Pensions For Divorced and Widowed Women
In 2016, the age required to receive a state pension in the UK soared from 60 to 65 for women and the entire system was revamped with new qualifying factors. While the changes had been planned since the 1990s, the sudden change had devastating effects for women born after 1953. The government claimed it was a stride forward for gender quality as the male age qualification was already 65. Yet, it was women planning to retire at 60, that suddenly had to source another 5 years of income. The changes affected divorced, and widowed women more than anyone. Under the current system, to …
Top 5 Tips to Help your Local Economy
When a national lockdown was announced in March 2020, experts and non-experts alike began to worry for the state of the UK economy once the lockdown ended. While the aftermath has not been as devastating as many people anticipated, several industries have been particularly affected. One of the sectors to have suffered the most from the lockdown is local, small, and independent businesses. Big brands such as Amazon, Microsoft, and Apple, among others managed to thrive during the pandemic and subsequent lockdowns. They've seen soaring sales and huge turnovers. However, a lot of …
Costs of Elderly Care – News Update
According to reports, "the number of over-65s needing care is set to leap by a quarter in a decade." The NHS is predicted to struggle. The predictions have come from Liverpool University. They have expressed that the nation needs to think about their later years earlier on to help ease the burden. The University has called for more focus on diet improvement, drinking responsibly, heart disease awareness and increasing physical activity to reduce the costs of elderly care. These are just a few of the biggest health conditions for which the NHS has to deal with every year. Lead …
Carer’s Allowance for Elderly Parents
Do you care for your elderly parents? If so, you could be eligible for Carer's Allowance. This is a government benefit that supports people who provide unpaid care. Caring for your parents can be very rewarding, but it can also place a strain on your finances. That's why it's so important to claim any support that you can. Today's blog will be a simple guide to Carer's Allowance. We'll explain how you qualify as well as how much you could receive. Can I Claim Carer's Allowance? You could be eligible for Carer's Allowance if you meet the following criteria: - You spend at …
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