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23/01/2023 General, Newsletter, Blog
Dealing with the Cost of Living Crisis in Retirement
As the Government’s new energy price guarantee came into effect last year, many households on lower incomes, and in particular, the retirement community, have seen their bills double this winter compared to the previous one. The cost-of-living crisis is pushing millions into poverty, and the subsequent hike in energy bills looks set to increase this number even further.
How is this affecting the retirement community?
An Age UK report released last year exposed how this surge in household bills has affected the elderly. They found that two million retired households will not have the income for essential spending, with 960,000 already living in poverty. The report also revealed that some individuals are resorting to drastic measures to support higher household bills, such as cancelling carers.
If you are of retirement age or caring for someone that is, there are simple changes that can be made to your home and looking into extra help that you might be entitled to, may ease some of this stress.
Make sure your home keeps the heat in:
The first step you need to take is getting your home running as efficiently as possible, as it is always cheaper to heat a home that is well insulated. So, make sure that you draught proof windows and doors and ensure your loft is insulated. It is also wise to have your central heating system serviced each year before the cold weather hits. Make sure gas heating is serviced by a qualified Gas Safe-registered engineer. Here are some more of our top tips…
Get a home energy check:
If you are eligible, some local Age UK branches offer home energy checks. They do this by sending a trusted handyperson into your home who will look at all aspects and ensure that your home is energy efficient. If upon inspection, they feel that you would benefit from some free equipment to help you save money on your bills, they will speak to you about this.
Check eligibility for all available government grants and benefits:
There are a number of schemes which will help you out with energy bills and it is worth looking into these to see what benefits you might be entitled to. There might be more financial support available than you think. Some of these include:
Last year the government have also added the following:
Our residents' financial stability and independence remain a priority at Rangeford Villages, and we are constantly evaluating how we can assist in these difficult times. With this in mind, we’ve introduced an initiative, which aims to take away the burden, of your household bills for the first four years* to enable peace of mind and to focus on enjoying your retirement. Our environmentally friendly villages are built with energy efficiency in mind, so you can rest assured that your future bills will be as low as possible.
For more information, call our friendly sales team on 0800 135 7422.
* Rangeford Villages will pay the annual energy costs for all residents purchasing a new build property for a period of four years. Energy bills are to be paid by the resident and Rangeford Villages will reimburse the resident annually. The incentive is capped at £3,000 per year. Where applicable, the incentive will pay for gas and electric energy bills at Mickle Hill, Siddington Park and Wadswick Green. This offer is not valid at Homewood Grove or any other future village. This offer is not transferrable for cash and is not available in conjunction with any other offer. To take advantage of this incentive, incoming residents must legally complete their selected property before 31st May 2023.
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