12th November 2020

FINANCE UPDATES – November 2020 – Pension carry forward

The coronavirus pandemic appears to have thrown some of
the nation’s retirement plans into jeopardy, with recent figures
commissioned by the Institute for Fiscal Studies (IFS) revealing
that 13% of older workers have already changed their planned
retirement age as a direct result of COVID-19.

The study, which looked at responses from 10,000 people aged
50 and over, found that 8% of those people were planning to
retire later than they had previously intended, while 5% were
planning to retire earlier.

FINANCIAL UPDATES – Pension carry forward