PA Life PA Life PA Life PA Life PA Life


      When are you retiring? One in twenty Brits say they never will

      • 0

      One in twenty British adults claim they will never retire – and of those who do believe retirement is on the cards, one in 10 reckon they’ll be aged 70 or older when the time comes.

      However, not all employees want to hang up their hat, as 37 per cent say they wouldn’t be able to afford to stop working and 27 per cent claim they would be bored.

      One quarter of adults would like to keep their brain sharp, and 22 per cent feel work gives them a sense of purpose.

      Other popular reasons for wanting to continue the nine to five include enjoying colleagues’ company and conversation every day, and getting a rewarding feeling from their work.

      The thought of spending all day with their partner, having to watch daytime TV and paying more for heating bills are other reasons Brits want to remain employed.

      Geoffrey Dennis, chief executive of SPANA, which provides free veterinary treatment to working animals in developing countries, said: “Most adults in the UK would like to retire early.

      “But many people feel they’ll be working for many more years than they’d hoped – perhaps well into their seventies, or beyond.

      “However, it’s clear many people also get a real sense of satisfaction going to work, as it gives them a reason to get up in the morning and a sense of purpose.

      “It’s a different story for working animals in developing countries.

      “These horses, donkeys and mules must work for their entire lives and never get to retire.

      “As they get older, they have to carry on working, even with painful conditions such as arthritis.”

      It emerged 14 per cent of employees are convinced they’d feel old if they were to retire, and 12 per cent want to keep going as it keeps their body healthy.

      A fortunate one in 10 adults are proud of their position at work, while 12 per cent enjoy the structure of their day and eight per cent enjoy the socialising that comes with being part of a business.

      The study of 2,000 office workers found 44 per cent intend to carry on working for as long as they are able to.

      And 43 per cent believe if they stopped their current career they’d probably always have a part-time job or continue to work on an ad hoc basis.

      Only three in 10 adults say they’re likely to give up work suddenly, with most assuming they’ll make the transition from full time worker to retiree over a longer period of time.

      And although many cite money as being the factor that will have the biggest impact on when they retire (60 per cent), 45 per cent are likely to be led by the state of their health.

      TOP 20 REASONS BRITS DON’T WANT TO RETIRE

      1. I wouldn’t be able to afford it / don’t want to be poor
      2. I think I would be bored
      3. Work keeps my brain sharp
      4. Work gives me purpose
      5. I don’t want to spend all day at home
      6. I would miss talking to people
      7. I enjoy the challenge of my job
      8. I would spend more money if I was off work
      9. I would feel old
      10. My work is rewarding
      11. If my partner was still working
      12. It keeps my body healthy
      13. If all my friends were still working
      14. I like the structure of my day currently
      15. I like workplace banter
      16. I’m proud of my position at work
      17. My heating and electricity bills would be higher
      18. I like seeing my colleagues every day
      19. Daytime TV is awful
      20. I like socialising after work

    • mm
      AUTHOR

      Stuart O'Brien

      All stories by: Stuart O'Brien