Premiums for people over 50 have raised by 6.2%, but there are still some discounts and perks that can make living costs lower – yet people need to know where to look for them. According to freelancerinformer.com, the UK’s corporate taxes will also rise by 4% – from 19% to 23%.
This is why freelancers over 50 have higher life costs
A lot of freelancers that are 45 and above have strong freelancing careers that last for years, or better said decades. Since the pandemic started, there have been more and more people around 50 years old who have also switched to remote work. Yet, the truth is that there’s injustice in the system for freelancers over 50. One example would be a corporate tax bill, and the other can definitely be insurance. Home insurance premium for this age group has raised by 6%.
Freelancers have higher or lower costs, depending on regional differences
The biggest increases in their premiums have happened in Wales, 6.2%, and South West, 6.6%. In London, the price was lifted by 0.8% only. Unfortunately, it’s not all great for freelancers in London because they will have to pay the highest price for car insurance. For example, the approximate price for car insurance in London is $1,216, while it’s $416 in Scotland.
50+ freelancers should know about these perks
Luckily, there still exist some perks 50+ remote workers can enjoy. Museums, art galleries, cinemas, and theaters offer lower prices for 50-plus people. Eye tests, traveling, retail, and even prescriptions can also be found at lower prices. Royal Shakespeare Company gives a 20% discount. You can also check Beamish Open Air Museum, as well as Tate Modern.
Some other places like The National Theatre and TrustedHousesitters* also have special discounts for everyone who is above 50 and 60.
