In England, any pensioner is entitled to a free bus pass whilst in Wales and Scotland everybody is eligible regardless of retirement status.
Bus passes combined with senior railcard savings could see pensioners in line to save over £1,000 annually on travel alone.
Another common saving is free NHS prescriptions, applicable across the UK to the over-60s.
Similarly, over-60s are eligible for a free eye test; they simply need to book an appointment and inform the members of staff of their eligibility.
Those in receipt of Pension Credit are also eligible for free NHS dental care – if you can get an appointment.
With routine appointments costing on average between £25 and £30 before you factor in the price of treatment common in older people, the range of savings available on the NHS could run into the hundreds of pounds.
Amongst the less well-known ways for retirees to save money is the discount on things such as broadband, which can prove sizeable if taken advantage of.
Those in receipt of Pension Credit can access discounts of nearly 50% on their broadband, providing savings of around £140 each year.
Similar discounts are available on activities and days out with both the National Trust and English Heritage offering discounts on visits to encourage senior citizens to get out into the outdoors.
For the more adventurous, there is a significant discount on Interrail passes, which allow you to travel around Europe for free. A 10% discount makes exciting trips across the continent more accessible.
For those who require a new passport to travel abroad, the elderly are eligible to receive one for free, although this only applies to those born before September 2, 2029.
For those looking to remain closer to home and many cinemas and museums offer cheaper tickets, especially during off-peak.
Other discounts available include a free TV license and exemption from National Insurance contributions, which in themselves can add thousands of pounds to a pensioner’s bank balance.
