Sadly it is not only unscrupulous sales people that take advantage of pensioners - even their own family members do not always act in their best interests. Do not deed or will your house or any of your assets to someone who promises to keep you out of a nursing home or to care for you if you become disabled. You have to be sure that people are acting in your best interests and it is not always your family. Do not give up control of your property or assets until such time that you feel completely unable to manage on your own or with your spouse. Supporting them in this manner could drain you financially.
Many parents are in the situation where their children return home for a break from the real world.
As much as we love them, we must be clear on the terms of the tenure which means that they must pay towards the upkeep of the home. Don't be fearful in seeking your rights to reduced fares and discounts as a pensioner. Keep large amounts of money in your bank account, not in your house or in your wallet. And never trust anyone with the pin numbers. If in doubt ask a friend or advisor to check out potential bad products.