State pension during retirement and how many years you will first have to work


It’s never too early to start planning for retirement.

However, a recent survey conducted by Opinium on behalf of Hargreaves Lansdown found that more than a third (34%) of people aged 45-54 have no plans in place for their remaining working years.

This compares to about a quarter of 35-44 year olds and 25-34 year olds who had no plans for the period between age 50 and retirement.

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Some 41% of people aged 45 to 54 said they planned to continue in their current job and work full time.

An additional 10% said they would stay in the same position but move to part-time.

Only 5% said they planned to stop working altogether.

Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, told ECHO: “These results point to a worrying lack of planning among those closest to retirement about how they plan to spend their working years. remaining.

“However, we are also seeing encouraging signs, particularly among younger age groups, including the move away from a cliffside retreat where people choose to retire completely in a single day.

“We also see younger generations planning to use the time of 50 in retirement as an opportunity to try something new.

“It’s hugely positive to see people seizing this time as an opportunity to inject new life into their careers rather than just counting down the days until they’re done working.”

The figures come as the latest rise in the UK’s retirement age has led to record employment among the 65-year-olds, while prompting people living in poorer areas to work longer.

A full state pension is not available to everyone and you will need to have worked for a certain number of years to qualify.

To be entitled to the state pension, you must contribute to national insurance.

You need a minimum of 10 years of contributions to get anything. To obtain a full pension, you must have contributed for 35 years.

The age at which you can start claiming is currently 66 for both males and females.

It will increase to 67 in 2028, and 68 between 2037 and 2039.

When can I get my state pension?

Check your state pension age using the free online tool here.

How much is the state pension?

The new full state pension is £179.60 per week.

The actual amount you get depends on your national insurance record.

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