- But one in four think rail travel (24%) and glasses (25%) are totally free for retirees, while one in seven (15%) think retirees don’t pay any council tax
- 15% think they will be given social care or will be looked after in a care home for free once retired
- Others expect to receive broadband (11%), water rates (9%) and pet insurance (8%) for free
- UK adults plan to spend the same, if not more in retirement – demonstrating the importance of pension saving
A quarter (25%) of UK adults are relying on discounts and subsidies to make their retirement more affordable – but new research from Aviva shows many overestimate what they will receive.
More than one in five (23%) say they have a good idea of the discounts and subsidies available for retirees. But one in four think rail travel (24%) and spectacles (25%) are free for retirees, when in fact they are only discounted.
One in seven (15%) believe they won’t have to pay any council tax when they are retired, while 42% think there is a discount. In reality, only those aged 65 and over receiving pension credit (an income related benefit) or those living on their own are eligible for a discount on council tax.
Other products that UK adults expect to receive for free in retirement are broadband (11%), water rates (9%), pet insurance (8%), package holidays (7%) and pet food (7%). More than a fifth mistakenly think pet insurance (22%) and broadband (24%) will be discounted when they are retired, with a predicted price reduction of almost a third (30%).
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