Pensions – oh no, boring!! But very important. The Triple Lock is all very well and good but that might not be enough to live on. We aren’t regulated so we can’t give you financial advice BUT we can point you to some places to help you:
You can find a Society of Later Life Adviser near you on the SOLLA website. https://societyoflaterlifeadvisers.co.uk/ It’s really important to make sure that the person you are talking to understands getting older and what that means to your finances. All the people on this website do that.
We also know other financial advisers who are fully later life qualified but not SOLLA advisers and we can send you in their direction.
There is always the possibility of a residual income (like a royalty that those who write and perform songs receive). Some businesses that remunerate those working with them with residual income rely on sales of product which can be hard to maintain without building a team. However, some companies offer a residual income based on household services. If you want more information on something like this which could help plug a gap, let us know and we can help.
HM Government’s Money & Pensions service also has a website called Money Helper https://www.moneyhelper.org.uk/en and this can help you with pension and retirement planning as well as all sorts of other money queries. Do have a read and do share with people you know.
One Stop Organisers: here to help your older loved ones live their best lives