Story thread · 9 reports / 5 sources

State pension blow for millions as older Britons 'unable to retire when they want'

gbnews.com · 3dShare

New research from the Standard Life Centre for the Future of Retirement reveals that more than a third of people in their 60s who have yet to retire are being compelled to extend their working lives as a direct consequence of the rising state pension age. The study found that 36 per cent of this age group say the state pension age increase is the reason they must continue working. Financial strain is a significant driver behind the trend, with nearly two in five 60 to 65-year-olds, 38 per cent, saying they remain in employment specifically to meet everyday living costs. These findings highlight that for a substantial proportion of older workers, staying in the workforce is not a matter of personal preference but of economic survival. These pressures could intensify if the government proceeds with reported plans to bring forward the state pension age increase to 68. Under the existing timetable, the rise to 68 is scheduled to take effect gradually between April 2044 and April 2046, appl

First report: State pension tax looms for 1 million retirees as 'time running out to pick a solution' — gbnews.com, 6d