How to Boost Your Pension for Retirement Online
The internet is a cavernous place and, if utilised correctly, it can actually make you money.
As a retiree, you may have some spare time on your hands or fancy supplementing your pension pot with some extra money. Whatever your reason, increasing your income online during retirement is ideal as you can do it from the comfort of your own home or on the go.
Sell your stuff online
Ebay, Gumtree, Facebook Marketplace – the web is saturated with easy places to boost your income by selling anything. You can put your dust-collecting items on the internet with ease and put some extra money in your pension pot whilst doing so.
Share your skills
Whilst many retirees relish not having to work again, some find themselves as at a loose end. Lots of online sites can help you make money from your skills with any spare time you have. If you love to clean, are green fingered or have experience with DIY, TaskRabbit would be an ideal platform for you. Simply sign up as a tasker and get matched with one-off jobs in your local area to generate some income.
Take on a lodger
Having a lodger is now completely normal, particularly for retirees who haven’t downsized the family home and have empty bedrooms. Advertising for a lodger online through SpareRoom or EasyRoommate makes finding a candidate extremely easy.
The government’s rent-a-room scheme means you can earn money tax-free by getting a lodger; a healthy addition to any pension pot. Simply remember to always put a tenancy agreement in place.
Invest in property
Believe it or not, you can now invest in property from the comfort of your own home. Alternative finance providers are enabling countless individuals to get a return on their money. Your returns will depend upon the provider.
One such provider is Wellesley. Their property backed Bond gives investors the opportunity to put their money into property backed loans acquired by Wellesley. In return, investors receive a fixed rate of up to 6.00% per annum gross.
Surf the web
For the retirees who love a browse online, getting paid to browse the web could be a dream. Sites such as Qmee and Inboxpounds pay users to open emails, click on adverts and visit different websites.
Qmee works through a browser extension and it pays out when you search online. It will pop up with a set of results similar to what appears on Google and, if clicked, you can pocket the money.
Whilst some retirees are set for life, other needs to generate extra income or want to keep busy. Fortunately, it’s now easier than ever to supplement pension pots without having to enter back into work, all from the comfort of your own home.
The Wellesley Property Mini-Bonds are issued by Wellesley Finance Plc. Your capital is at risk and interest payments are not guaranteed. Investment is not covered by the Financial Service Compensation Scheme (FSCS). The Property Mini-Bond is non-transferable and cannot be held within an ISA account. To view the full risk statement click here.
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
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