Job at 70? It works for me, say britons


Job at 70? It works for me, say britons

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But a fifth think they will still be financially supporting their family at 70 and a similar number are unsure, suggesting the “Bank of Mum and Dad” will still feature as more reach their


twilight years.  The basic state pension is currently £125.95 a week, but many think it will no longer exist when they retire, the poll shows.  Aegon pensions director, Steven Cameron, said:


“It’s clear that people no longer expect to retire at as early an age as their parents.  “For some it will be a lifestyle choice, but for others who put off planning ahead, it could be a


financial necessity to cover living costs.”  Former pensions minister Ros Altmann said: “Many people reach their 50s and 60s and feel fit and healthy.  “They also enjoy the social


interaction of work as well as having extra income.  “So surveys showing people plan to retire later are good news.  “This is also good for the economy and for younger generations because


the more people keep working, the more spending power and production can boost growth.”  But Baroness Altmann warned: “It is important that people are not forced to keep working if they are


not able to.”