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Financial Perks for the over 60s in the UK

Updated on November 4, 2015

At the moment, in the UK, women officially retire at age 60 and men at age 65.Currently, however, both men and women aged 60 and over, are entitled to s few financial perks. With a General Election looming these perks could be improved or slashed, and so it is important to know your rights and claim any benefits now. Often when there is a change in benefit those already in receipt are protected.

If you are in doubt try researching potential benefits by searching online, reading leaflets available in local libraries and hospitals or asking the Citizen’s Advice Bureau.

None of us want to have to struggle financially in our later years
None of us want to have to struggle financially in our later years
In recent years elderly citizens have been fighting for a decent living
In recent years elderly citizens have been fighting for a decent living
  • Free prescriptions. In England and most parts of the UK prescriptions are not free. There are some exclusions and it is possible to purchase a discount if you take quite a few medications on a regular basis. On the whole the cost of a normal prescription is £7.20 per item. If your prescription has four items on it then you will pay £28.80. Each year this amount increases. Once you hit 60 and are in receipt of free prescriptions you could save a substantial amount of money.
  • Discounts. Everything from the hairdressers to the huge DIY store offers reductions for pensioners. Sometimes this is a particular day of the week. These discounts are usually applicable once you are 60.
  • Travel. Free bus travel varies a little around the country.Recently this free bus pass has been made available in most if not all parts of the UK. Your free bus pass will allow you to travel on buses for free after 9.30am any day between Monday to Friday, and all day at the weekends. Coach travel is at half price for qualifying over 60s. You can travel for less on British Rail also but you will need to purchase a Senior Railcard.
  • Eyesight Tests. Eyesight tests are also free for the over 60s.
  • English Heritage and The National Trust offer reductions for the over 60s.
  • Sports Facilities. Swimming, Gyms and other sports facilities will usually offer a discount for the over 60s.
  • Education. Fancy learning something new? Take advantage of the special rates for the over 60s.
  • Entertainment.Most cinemas and theatres offer special ticket prices for the over 60s. These offers will vary regionally and may only be available for certain performances.
  • State Pension. At the time of writing the State Pension is payable to women when they are aged 60. This is due to change though. For women born after 1950 the age is set to rise. For example, women born in 1951 will have to wait until they are 61, those born in 1952, until they are 62 and so on. For those born after 1955 the State Pension will be payable aged 65. The Tories already have plans to increase this age further so only time will tell. It is possible to defer receipt of your Pension if desired.
  • Winter fuel Payments. If you and or your partner are aged over 60 you will be eligible for this payment. Even if you are still in work you can receive this help with your Winter Fuel Bills.


There are many more financial perks. It is always asking any provider such as Insurance Agent, Banker, Plumber or what you will if there is a discount for seniors. You may be pleasantly surprised.

Some of the perks highlighted here may change in 2010 depending on the outcome of the General Election. There are some changes already planned and I have provided links below.In many cases the changes will be negative.

However, let's hope whichever Government comes to power that help for the elderly is not sacrificed in order to please the masses.


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    • ethel smith profile image

      Eileen Kersey 7 years ago from Kingston-Upon-Hull

      Jealousy will get you nowhere Habee lol

      Jonsie you Ratbag lol.

      Sadly Hubby and I will just miss some perks by a few months.

    • Jonesie201 profile image

      Jonesie201 7 years ago from London, England

      You old people have never had it so good :)

    • habee profile image

      Holle Abee 7 years ago from Georgia

      Hey, HH - I thought I was your favorite girl?? Okay, I'll be your favorite American girl! lol

      Great hub, Ethel! Wish we had all those perks here!

    • ethel smith profile image

      Eileen Kersey 7 years ago from Kingston-Upon-Hull

      Thanks for the Aussie input Eileen. Yes I have to work at least two more years than I expected. Hubby is 60 this year but the perks he would have got for that birthday, if it was last year, are changing somewhat.

    • Eileen Hughes profile image

      Eileen Hughes 7 years ago from Northam Western Australia

      Ethel Very interesting information. I was a bit slow when we turned because my husband had a small lawn business, I didn't know we were still elibible for many benefits. I was until a wealthier person went on the benefits the moment she turned 60 and informed me to go for it.

      Typical, we were entitled as he was not working the required hours so could have had it a lot earlier. Now we are over 65 we are retired.

      They are gradually putting the retirement ages up in Australia now though. I feel sorry for those who have to work longer when a lot of our younger ones bludge and get paid to surf on the beaches. Great hub again.

    • ethel smith profile image

      Eileen Kersey 7 years ago from Kingston-Upon-Hull

      Hi to you Iðunn. I am playing catch up.

      Lori I seem to think that there will be little in the pot for me and I only have a couple of years to go.

      Hello hope some of these perks stick around for us :)

    • profile image

      loriamoore 7 years ago

      Interesting. In the USA, senior citizens don't get anything "free" really, but starting at age 55 they can get discounts in restaurants, movie theaters, et al. Also, they can start drawing social security starting at age 62 1/2, but of course, America will run out of money by the time I reach that age, so I'll miss out. :-)

    • profile image

      Iðunn 7 years ago

      ethel, what a great Hub. I have to say I loved the raging pensioners in their underwear pic. :)

      We have a pretty strong "older" lobby here, AARP and so seniors, apart from our horrible way of treating ALL poor, tend to come out pretty well.

      There are some stats for U.S. on how women are much worse off than men because socsec is decided by earnings and women raising kids hurts what they put in.

      But then take Florida, where the elderly only have to eye-test for driver's licenses every 15 years. That's kind of scary! But that is where well off old go to retire and it's a democracy so they make the rules. They also death sentence 12 years olds in Florida, which really sucks.

      Mostly, I just wanted to stop in to say "Hi!". Hadn't seen you in a bit and missed ya some. :)

    • Hello, hello, profile image

      Hello, hello, 7 years ago from London, UK

      Thank you, ethel, I knew you are my favourite girl.