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Pension: Britons urged to take motion to avoid working past retirement age | Personal Finance | Finance

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Pension and retirement planning is usually years within the making, but these dreams are in danger for hundreds. That is because of the rising cost of living, with many frightened they will probably be financially stretched as a direct result.

Now, a recent survey has demonstrated the depths of the problems faced by those on the cusp of retirement.

In accordance with Unbiased.co.uk, three quarters of those aged 50 or over are concerned about how rising prices will impact them after they leave the workforce.

One in two have now expressed fears they may not have enough income to survive financially once they stop working. 

Karen Barrett, CEO and Founding father of unbiased, said: “The associated fee of living crisis has pulled retirement plans into sharp focus.

READ MORE: State pension: 500,000 may even see sum frozen – one key approach to uprate it

This might involve finding a regulated pension adviser who’s prone to provide tailored and specialised advice.

The Government also offers a service often called PensionWise.

The free and impartial service offers guidance a couple of person’s pension options for retirement. 

Do you wish to share your story with Express Money? Get in contact by emailing personal.finance@reachplc.com. Unfortunately we cannot reply to every email.

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