Many financial experts consider the free bus pass to be vital to the livelihoods of pensioners, especially in light of the rise in the cost of living.
Stephen Lowe, the group communications director at Just Group, outlined why extra benefits, such as the free bus pass, which come from the state pension are almost just as important as the income itself.
Mr Lowe said: “The social and cultural reference to ‘freebie’ benefits means nearly all over 65s know about them but their financial value is dwarfed by other benefits which are less well known.
“The state pension alone will not provide a comfortable standard of living so checking your entitlement for other state benefits should be as much a part of planning for retirement as understanding what your private pension and other savings will provide.”
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