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Category: Money Matters News

Older people struggling to pay for broadband at risk of further financial losses

Nearly half (48%) of older people in England on a low income have struggled to keep up with their broadband bill in the last six months, according to new research from the older people’s charity Independent Age – putting them at risk of further financial hardship and being digitally excluded.

July 14, 2023
A unique way to pay for residential care… without selling your home

Every year, thousands of elderly people and their families face the conundrum of how to pay for care home fees – which can typically be between £40,000 and £50,000 a year. We talk to Jeremy Nixey of Alliance member Shaw Lifetime Care, part of the charitable Shaw Foundation, about the unique option they offer.

July 13, 2023
Age UK launches new support programme for older LGBT+ veterans

Age UK launches new support programme for older LGBT+ veterans

July 7, 2023
Financial fears and access barriers prevent one-third of those over 60 from spending

A new report by the leading think tank on demographic change, the International Longevity Centre (ILC), pinpoints an increasing economic trend among people aged 60 and over in the UK.

June 24, 2023
Age Action Alliance launches free 2023/24 guide to care fees planning

An updated version of the hugely popular “Basics of care fees planning guide”, first launched at the end of 2022, is now available. By Tony Watts OBE.

June 23, 2023
Report highlights the financial plight of the “hidden two million”

A new report from Independent Age shows the hidden reality of facing financial hardship in later life and explores the groups of older people most likely to be affected.

June 23, 2023
1 in 7 aged over 65+ now reliant on loans and credit cards to make ends meet

New research from Independent Age has found that the cost-of-living crisis is causing many people over 65 to turn to loans and credit cards to make ends meet, as they keep their financial worries from their family.

June 22, 2023
High inflation means that the “Great Unretirement” may prove costly for some older workers

New Age UK research shows how the cost of living crisis is upending some people’s retirement plans and their prospects of a comfortable standard of living in the years to come.

June 19, 2023
Don’t suffer in silence – Pension Credit is here to help!

To mark Pension Credit Week of Action (12th- 16th June), national older people’s charity Independent Age is urging everyone in later life who is struggling financially to check if they are eligible for the entitlement.

June 14, 2023
Government extends NI top-up deadline to 2025

Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension – an extension of nearly two years – the government announced today (12 June).

June 12, 2023

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