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More than half (56%) of people retiring in 2021 don’t plan on giving up work completely, according to new research from Standard Life Aberdeen.
In its Class of 2021 report, Standard Life Aberdeen surveyed people that are planning to retire this year, with the findings highlighting a new preference for ‘flexi-retirement’.
One in four (27%) plan to go part-time rather than leave employment altogether, one in five (19%) will dedicate time to volunteering and just over one in twenty (6%) want to set up their own business.
John Tait, Retirement Advice Specialist at Standard Life Aberdeen, said:
By answering a few simple questions, in less than 5 minutes customers can get an idea of how much income they could expect from all their assets, not just pensions. Using the Retirement Living Standards, an independent benchmark, customers can see how their income compares. Plus, if they have a partner, they can see all their assets and incomes together.
Retirement Advice can involve investing, the value of investments can go down as well as up, and could be worth less than originally invested.
Read more information about Retirement Advice from Standard Life Aberdeen.
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