Mark Soper – RetireEasy

As the UK officially enters a double-dip recession what actions can retirees take to help mitigate the financial impact? Firstly, we recommend that you thoroughly review where you spend your money. Check out if you can save on your utility, phone and broadband tariffs, bargain hunt for food, clothes, birthday gifts and even Christmas presents. Review your car, house and travel insurances and make sue you know where all your direct debits are going – simple stuff but how many of us make the time?

The same for your savings, with interest rates so low make sure you review your bank and ISA savings rates and that your retirement income is as tax efficient as possible. Remember, income from any ISA and some National Savings products are entirely tax free.

Eat dinner once a week by candlelight, it’s fun, romantic and much cheaper than eating out. A friend of mine is a sommelier and one of the best tips he ever gave me was to order house wine when dining out and enjoy your favourite wines at home – great fun choosing the wines in the supermarket and massive savings on the restaurant bills!

For all advisers and professional connections please visit www.retireeasypro.co.uk