News
November 2006
When should I retire?
A user survey on the website laterlife.com has shown some interesting attitudes towards working past retirement age.
When asked, “If you aren’t yet retired do you intend to keep on working at some level in retirement (either paid or voluntary)?” 46.1 per cent of respondents answered yes.
One respondent commented, “I retired from fulltime working when I was 60 and went on to two days a week for some five years. I now work for a number of voluntary organisations.”
There are benefits to working later than the current state pension age. On top of keeping yourself active, you can also defer your state pension.
State Pension deferral simply means putting off claiming your State Pension when you reach State Pension age. This allows you to build up extra income or a taxable lump-sum payment.
Visit laterlife.com to view the survey results in full.
For more information on deferring your State Pension visit the State
Pension Deferral section