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What is financial abuse?

Usually the person you trust to help you with banking and shopping will have your best interests at heart, but it’s important to be aware of things that can go wrong.

Some examples of financial abuse are when a relative or carer:

  • spends the older person’s money on themselves when they’re shopping for them
  • refuses to let an older person decide what to spend their money on
  • tells an older person they should give them money, perhaps by telling a hard luck story or by making the older person feel they’re a burden
  • moves into the older person’s home uninvited, or pressurises the person to sign their property over to them or to change their will.

Financial abuse is never acceptable, no matter how minor it may seem. You don’t have to put up with it, and there is help available for you to put a stop to it.

Further information

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For more information: Call Age UK Advice: 0800 169 2081