As the pension age is set to rise to 67 by 2028, the Office for National Statistics (ONS) says the population of the UK is getting both larger and older. As well as finding that the nation’s population reached its highest ever total at 65.6 million in 2016, the ONS also acknowledged that 18 per cent of those living across the UK were 65+. What’s more, 2.4 per cent were 85+. But will an ageing workforce prove beneficial or a hindrance to the nation’s education sector?
Mark Stewart, Director at Sheards Wealth Management comments on how retirees can look at ways to plan and manage their finances.
Whether you are planning to stop work in one go, or ease into retirement gradually it is important to plan and manage your finances to enable you to do this successfully.