Money can be tight when you’re living on a fixed income and facing extra costs as your needs change. If you’re struggling to make ends meet, there may be benefits you can claim and other ways to boost your income and save money on bills.

There is a range of benefits for older people. What you could get depends on your individual situation – make sure you claim what you are entitled to. You can check what you could get with our benefits calculator or by calling our Helpline to arrange a benefits check.

If you're working out how to pay for care, make sure you’ve considered all your options. Start by getting a care needs assessment from your local council to get expert advice on the care you need.

If you’re struggling to make ends meet, there may be ways you can save money, such as switching energy supplier, installing a water meter, applying for a free TV licence or shopping around when you renew or buy insurance. You may also be able to get discounts and other help with costs.

If you’re struggling to pay your household bills or worried about how you’re going to pay off your mortgage, there is help available. You can get support to regain control of your finances, as well as advice about where to go for specialist help.

Pensions provide a regular income in later life once you reach qualifying age. If you are on a low income, you may be eligible for Pension Credit. If you have a private pension, you may have to decide how you want to receive your money. 

You'll have to pay Income Tax if your income is more than a certain amount, but you may be entitled to tax relief or allowances that can help to cut your bill. Make sure you understand your tax bill and contact HM Revenue and Customs (HMRC) if you think you're paying too much tax.

Equity release is a way to release cash from your home without having to move. There are advantages and disadvantages to equity release products. You should consider all your options and get independent financial advice before deciding if it’s the right choice for you.

Moneywise Guide

Free: Advice on how to boost your income, save money, and claim Pension Credit and other benefits