A special support service from McCarthy & Stone ensures retirees don’t miss out on extra income
Many of us approaching retirement or looking to downsize in the future will make the financial implications of such a life change a key priority.
And while assessing the levels of income we will need to lead a fulfilling retirement, we often forget to investigate the range of benefits to which we are fully entitled.
By doing so, we are saying goodbye to additional cash that could make all the difference to some of our everyday purchase decisions like whether to take a taxi to a hospital appointment or wait for a bus, to get our hair done, to eat out etc.
According to Age UK and CAB, retired people in the UK fail to claim over £5 billion a year to which they may be entitled.
At a time of life when financial security is very important, for many the sheer bureaucracy of application processes can be off putting, resulting in much-needed and entitled funds not being claimed.
Set up to assist homeowners the Entitlements Advice Team is a free and confidential one-to-one service, where a team member arranges to discuss your financial situation with you, and alert you the important benefits you may be entitled that can supplement your income and pension.
The company’s Entitlements Advice Team service has worked with thousands of older homeowners to secure more than £10 million of funds which has helped make a real difference to their lives.
The areas covered by the team include assessing eligibility for valuable extra income, what particular benefits you could be entitled to, how to go about claiming them, as well as assistance with completing application forms.
If you are struggling with mobility or have a health problem for example, experts can investigate the feasibility of your entitlement to Attendance Allowances which are needs-based, rather than means tested.
Other entitlements include the Winter Fuel Allowance, which can be very useful as energy costs continue to escalate, while some individuals living on their own should be aware that they can receive a reduction in their Council Tax bills.
Other areas such as eligibility for Pension Credit, or potential help with Ground Rent charges, could help make a real difference for someone on a fixed retirement income.
The McCarthy & Stone Entitlements Advice Team is highly experienced in working alongside such trusted organisations such as Citizen’s Advice and Age UK, to make sure homeowners receive the financial help to which they are fully entitled.
Retirement should be a time to relax and make the most of life. With additional income this can be made easier, and all retirees should not delay when it comes to finding out what they are entitled to.
For more information, visit: https://www.mccarthyandstone.co.uk/how-we-help/free-entitlements-advice/
Spotlight on McCarthy & Stone apartments
McCarthy & Stone offers a range of one and two bedroom privately-owned retirement apartments up and down the country. Here are just a couple of examples Retiremove has chosen to shine a spotlight on.
- Augustus House, Virginia Water
Designed for the over 70’s, the Retirement Living Plus apartments at Augustus House include fully-fitted modern kitchens with integrated appliances, underfloor heating, spacious and open-plan living areas, and stylish en-suite bathrooms.
All apartments are also equipped with a 24-hour emergency call system for added peace-of-mind.
Virginia Water is one of the most affluent Surrey towns – the picturesque location appeals to those seeking a village atmosphere with stunning scenic pastimes.
Nested on the border of a conservation area, Augustus House boasts beautiful green views of The Bourne, easy access to the parade of shops and excellent transport links for those wishing to travel further afield.
Prices at Augustus House currently start from £400,000 for a one bedroom apartment and from £527,000 for a two bedroom apartment.
Apartments at Fairway View include spacious living and dining areas, fully fitted modern kitchens with integrated appliances, and bedrooms with walk in wardrobes and luxury shower rooms.
The development’s spacious homeowners’ lounge provides the perfect place for meeting with friends, and the stylish guest suite is ideal for when friends or family come to stay.
For added peace-of-mind, a House Manager ensures the smooth-running of the development and a 24 hour emergency call system is available to all homeowners should assistance be needed day or night.
Brough is a small but affluent town on the northern banks of the Humber.
The town centre has a range of key amenities including restaurants, cafés and shops, while those with a passion for sport can join the local Brough Golf Club and Blackburn Leisure Sports and Social Club.
Prices currently start from £169,999 for a one-bedroom apartment and from £249,999 for a two-bedroom apartment.