MORE than half of people planning to retire this year would consider, or already are, working past their state pension age, research has found.
Some 51% of people surveyed are working past their state pension age or would consider doing so, Prudential found.
This marks the fifth year in a row of the surveys by Prudential where over half of people set to retire in the coming months are or would consider working past state pension age.
A fifth (20%) of those considering working past state pension age hope to start a new business or earn money from a hobby, while 9% would think about continuing full-time in their existing job.
A further 28% would consider working fewer hours with their existing employer, while 29% would look for a new employer.
Stan Russell, a retirement income expert at Prudential, said: “Our research has shown that a period of ‘pretirement’, where people choose to delay their retirement plans, change jobs, earn a living from a hobby, or go part-time, instead of giving up work altogether, has become the new norm for retirees in recent times.”
Some 1,000 people planning to retire in 2017 took part in the survey.
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