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Money-saving tips for the over 60s


Life after sixty has many perks – and some of them are financial. But ‘senior savings’ won’t fall into your lap.

elderly couple

You’ll have to be active in seeking these perks out though. We look at the top savings you’re entitled to and could be missing out on.

Apply for Pension Credit

If you’re on a low income, the government’s Pension Credit will top your income. Both singles and couples could be eligible. 

Simply use the Pension Credit calculator to see how much you could receive.

To find out at what age you can apply for Pension Credit, use an online State Pension age calculator.

Save on boilers with the affordable warmth scheme

house in snow

Heating bills can be overwhelming in the winter months, not to mention a possible boiler breakdown.

If you're over 60 and in receipt of Pension Credit, council tax benefit or Job Seeker’s Allowance, you may qualify for the government’s affordable warmth scheme.

It offers a grant towards a new boiler or insulation to keep your house warmer, saving you money in the long run.

Winter fuel payment

pound notes

Another way of saving money on energy is by claiming winter fuel payment from the government. You could get between £100 and £300 tax free if you’re eligible.

Grab a Senior Railcard

If you’re over 60, grab yourself a Senior Railcard from your local train station. At a cost of just £30 for 12 months, you’ll receive a third off the cost of all train travel.

But that’s not all. You can use your card to make additional savings too from dining out, to theatre shows and many more.

Swim on the cheap

smiling couple

All public swimming pools will give concessions to the over 60s on the presentation of a bus pass or special discount card.

Save on health and pharmacy

If you’re over 60, take out a Boots advantage card, and sign up for the over 60s scheme for free to receive special offers just for you – including discount on glasses.

Take advantage of free bus travel

You’re entitled to free bus travel from the age of 60 in Wales, Scotland, Northern Ireland and London – where it also includes tube travel.

In England you have to wait until you reach the female state pension age – regardless of gender – which is currently at 66 years.


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