Growing old: 5 things you should know

Here are some retirementrelated facts to consider when planning for your future…

1

Around 12% of Britain’s over-65s are still in employment, according to the latest data from the Office for National Statistics.

2

Keep in mind that your retirement could easily last for around 30 years. That’s more than half the time of a typical working life.

3

Statistically, at the age of 66, men have a one in 10 chance of living to be 96 years old and women to the age of 98.

4

From 2028, the earliest age you will be able to have access your pensions is set to rise from 55 to 57.

5

Money invested in your personal pension is no longer lost when you die. It can be inherited by your family.