How to earn money from home after retirement

Published on: Thu, 29 Oct 2020
By: Anne, The Platinum Line Blog

Retirement marks the beginning of a new chapter in life, one filled with leisure, relaxation, and the pursuit of the things you really love. 

But is that enough? Many retirees, don't want to sit back and do nothing - and the idea of making little extra income from the comfort of home can be an enticing proposition.

Whether you're looking to bolster your savings, fund a dream holiday, or simply make your golden years even more enjoyable, there are numerous opportunities to earn money from home after retirement. 

Many thanks to Ann, one of our wigwammers, who's written this useful blog post on how to earn money from home after retirement. 

Making money from home after retirement

I’m a firm believer in balancing both sides of a budget sheet. But it’s not much good me telling you how I love to travel at home and abroad without sharing some tips on how I earn my income.

I intend to share my experiences earning from home and also share how I spend what I earn. 

A recent survey I saw suggested that people fear three things after retirement.

  1. Loneliness
  2. Outliving their savings
  3. Losing their purpose in life.

I think if you can keep on earning and spending money, it can help keep your mind occupied and sharp! You can also learn new skills or gain opportunities to apply old ones!

Nowadays you have a £1,000 trading allowance in the UK – this means you can earn £1000 from online trading or earning from surveys or apps each year before you need to declare it to the taxman.

The financial year starts in April so if you earn more than this you should fill in a self-assessment tax form.

Blog posts about online earnings

I have written some posts about how I earn extra money from home now I am retired, and am sharing some of the links to them below.

Completing surveys

When I retired I decided I would look for ways of earning money from home to finance my interests. I also have two young grandchildren to buy treats for. One really quick and simple way to do this is filing in surveys. It is quite low paid, but the pounds do soon add up, and it is very easy to do. 

Mystery shopping

One of the jobs I do for redwigwam, and how I make most of my extra money. I enjoy the variety mystery shopping provides, and I also find it good practise for writing my travel blog posts. 

Academic research

I've been helping with academic research, which I really enjoy. A good site for this is Prolific Academic, which links researchers with participants. 

Studies are usually interesting and offer a fair rate of pay, and they accept participants from most countries. Your earnings can be paid via circle or PayPal or donated to charity. I've also been a guinea pig for studies run by my local university.

In my previous job as a nurse I used to enjoy helping nursing students and I find I now enjoy helping student doctors and other students.

Monitoring the Royal Mail

This is super simple, and you earn free stamps and points which you can redeem against vouchers for loads of high street retailers. You basically monitor post delivered to your house and use an app to let them know when certain items have been delivered. 

Selling books online

I used to sell books on Amazon. Although I no longer do this I have written a post with a few tips.

Thank you Anne for sharing your tips on earning money from home!

Find more of Anne’s blogs here:

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