By continuing your visit to this site, you accept the use of cookies. They ensure the proper functioning of our services and display relevant ads. Learn more about cookies and act

Not yet registered? Create a OverBlog!

Create my blog

What's the retirement age for women in the UK?

What may people do not know is that retirement ages in the UK are different for men and women. Those who want to retire will need to know the answer to the question "When can I retire?" as well as how much money they will need in order to retire comfortably.

At what age can women retire in the UK?

The current age of retirement
The official age of retirement in the UK is the age that people are eligible for a UK pension. For men, this age is 65 years. Women in the UK are eligible for retirement at the age of 60. The retirement age for women is due to change before November 2018. At this time, it will be raised to 65 years old. It is important for UK residents to know that they do not have to retire if they do not wish to. Many people continue to work and get the state pension at the same time. Proposed changes to the retirement age Due to the aging population and declining birthrates, the government fears that there will not be enough workers in the future to fund superannuation plans. Due to this and the increasing life expectancy, the retirement age in the UK will be raised in the future. The retirement age for both men and women is expected to rise to 66 years by 2020. By 2046, the government hopes to raise the retirement age to 68 years.

How much money one needs to retire

People who are not retiring in the next year or so should make sure that they take the time to calculate how much money they will need to retire so that they can live a comfortable life. Those who do this will be able to save money for their retirement so that they are not entirely dependent on a state pension. State pensions do not give the average person who retires enough money to maintain their current standard of living. In order to calculate how much one needs to retire the age, current income, retirement age, life expectancy and expected pension of the retiring person should be taken into account. Once this figure has been determined, money can be raised from saving current income and making wise investments.

Same category articles HR & enterprise

What are the reasons to outsource payroll?

What are the reasons to outsource payroll?

The human resource department in any business entity is an area that requires a lot of monitoring. One of the sections of the human resource department is the payroll section which ensures that employees are paid, that their taxes are submitted and that other benefits are deducted. Payroll services can consume a lot of money if done in-house, hence the need to outsource payroll services.
A guide to office decor that improves productivity

A guide to office decor that improves productivity

Nobody likes to work in a drab, messy office. It is indeed obvious that a neat attractive workplace will be a better work environment. However, is it possible to use decor in order to boost productivity? This article will help you to find out.
A guide to TeamWork Online

A guide to TeamWork Online

When the internet started booming in the 1990s, a technical version of the recruiting process was created by Filippell and it was named TeamWork Online. The software task replicated search methods by notifying and screening prospective candidates, developing profiles and also online interviewing so that leagues, teams and also sport organisations could utilise the internet and identify candidates. Read this article to learn more about TeamWork Online.
UPS Supply Chain Solutions: The facts

UPS Supply Chain Solutions: The facts

United Parcel Service (or UPS) is a world-wide leader in delivery services. UPS service extend from UPS ground, UPS Parcel, UPS Air to UPS International. The UPS office is a global office that allows businesses and individuals to send and track their packages from door to door. UPS Supply Chain management is a central point in this delivery process. This article provides you with an overview of UPS Supply Chain Solutions.