20 September, Friday, 2024
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Pet sitting and tutoring among ideas for boosting retirement income

Setting aside savings is still crucial for preparing for retirement but pensioners may still need to boost their income. Life insurance broker Reassured has come up with eight simple ways to make money during retirement.If a person has a specialised subject they know about from their working life or a life-long hobby they can help others with, tutoring is an easy way to make money during retirement.The lessons can be done in person or virtually, providing huge flexibility about where and when they take place.People from all walks of life may be interested in learning something new, and tutoring provides a great way to socialise and give something back to the community.READ MORE: Cold Weather Payment pays £25 when there’s very cold weather – are you eligible? Pensioners can use their skills to boost their income (Image: GETTY)Many modern jobs can be carried out with just a laptop to hand, and a person may be able to freelance in the same field as before, offering expertise to companies while still being their own boss.Freelancers can set the days and times they work, how much they charge, and which groups they work with, offering great freedom when it comes to continuing a job they love.Start a remote jobThere is also the option to find a role doing remote work. This could be in online customer service or a virtual call centre.Many of these jobs are also part-time and offer a steadier income than freelancing, although they do not come with the same flexibility for setting one’s own hours.DON’T MISSUniversal Credit warning as your earnings could impact the amount you get [BENEFITS]Mortgage calculator shows how much more you can expect to pay after interest rate rise [PAYMENTS INCREASE]You could avoid inheritance tax with a gift of any amount – but there’s a catch [TAX] The state pension could increase by 10.1 percent next year (Image: EXPRESS)There’s more a person can do with old belongings than simply throwing them out or giving them away for free.Retired people can make some money out of their spring cleaning and sell anything they don’t need online on sites like eBay.People may be able to make some money out of their spring cleaning and sell anything they don’t need online on sites like eBay.Phil Jeynes, director of Corporate Strategy at Reassured, said: ‘The cost of living crisis has broken many people’s retirement plans but rest assured we have some simple ways on how you can continue to make money in retirement.’And the best part is that you get to decide what you do and how you earn this money.’

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