What steps do you need to take before starting your retirement?
Does it still feel like an uphill battle to get everything ready?
If so, you’re not alone: only four in 10 working people aged 60-69 feel ready for retirement, a new survey* has found.
Of the three million-plus workers in that age bracket, more than a third say they do not feel prepared. Currently, one in three people aged 65 to 69 are yet to retire, of whom 31% still feel unprepared, the survey found.
Preparing for life after work brings many challenges and can feel like a series of difficult decisions. Choosing when to retire and managing the transition to your new lifestyle are both significant choices.
Stephen Lowe, group communications director at Just Group which commissioned the research, said: “There are more than three million working people aged between 60-69 in the UK and our figures suggest that at best a million feel prepared for the step into retirement.
“There’s a clear split between those who are approaching retirement with confidence and those who don’t feel prepared, plus a significant minority in the middle unable to answer one way or the other. Retirement decisions – when to stop work, how to take pension income, how to plan for later life – can be daunting. It’s likely many people feel unsupported or unsure where to start.”
Opinium surveyed 3,500 UK adults aged 60 to 78 for Just Group.
- Contact Cailean at hello@cailean.co.uk or call 01577 212577 to discuss your pension planning.
* Only four in 10 working ‘Boomers’ feel prepared for retirement – Just Group, 2025
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