At What Age Do People Retire In The UK? - 6 in 10 Don't Wait until 66 скачать в хорошем качестве

At What Age Do People Retire In The UK? - 6 in 10 Don't Wait until 66

At what age do people actually retire in the UK? If you said 66, you're technically right—but you're also completely wrong. The State Pension age might be 66, but the data shows something very different is happening in practice. In this video, I break down what we call the decumulation phase—which is just a fancy way of saying when people actually stop working and start drawing their pensions. The gap between the official State Pension age and real retirement ages is widening, and it's driven by factors most people don't consider. With over 25 years of experience advising individuals and employers—working with some of the largest organisations in the world—I have seen how retirement decisions play out across different regions, income levels, and life circumstances. The patterns are clear: 62% of UK retirees don't wait for State Pension age, and understanding why matters for your own planning. In this video, I cover the real retirement ages by region, why 6 in 10 people retire early, and the growing unretirement trend that's reshaping retirement planning. KEY TAKEAWAYS: The average UK man retires at 65.1, women at 64—both before State Pension age 62% of retirees leave work before reaching State Pension age (Just Group, April 2024) Regional variation is massive: 19% in South West work past 70 vs only 10% in North East 1 in 7 retirees (14%) have already returned to work, with nearly 1 in 3 considering it The £22 tax margin between State Pension (£12,548) and Personal Allowance (£12,570) creates a tax trap for unretirees RESOURCES: State Pension forecast: https://www.gov.uk/check-state-pension Pension Wise guidance: https://www.moneyhelper.org.uk/en/pen... Retirement planning tools: https://financialeducation.co.uk INSTITUTIONAL RESEARCH: This video references the following authoritative sources: Just Group Retirement Tracker (April 2024): https://www.justgroupplc.co.uk/media-... Office for National Statistics - Pensions: https://www.ons.gov.uk/peoplepopulati... DWP State Pension guidance: https://www.gov.uk/state-pension Standard Life Research (2025): https://www.standardlife.co.uk/ ABOUT ME My name is Saq Hussain, and I have over 25 years of experience in the UK pension industry, helping to shape pension and retirement strategies for some of the world's largest organisations. BACKGROUND & ROLES Strategic Advisor: EY (Ernst & Young) Pensions Former Director: UK Head of DC Pensions, Benefits & Wellbeing at PwC Pension & Benefits Consultant: Aon, Willis Towers Watson and KPMG Policy Advisor: Living Wage Foundation Pension Steering Group - developed the National Living Pension Standard - https://www.livingwage.org.uk/steerin... PRESS CITATIONS To verify my professional background, you can find my work and commentary at the following high-authority sources: Financial Times (FT Adviser): On pension charges and transparency - https://www.ftadviser.com/2014/04/15/... This Is Money (Daily Mail): On protecting retirees from scams - https://www.thisismoney.co.uk/money/p... The Express: On national budget impacts and pension sustainability - https://www.express.co.uk/news/politi... The Daily Telegraph: Retirement and money analysis - https://www.pressreader.com/uk/the-da... CONNECT WITH ME Retirement & Pensions: https://financialeducation.co.uk Help & Advice: https://helpandadvice.co.uk Later Life Care Planning: https://ukcareguide.co.uk Property Wealth & Equity Release: https://equitymortgagerelease.co.uk LEGAL DISCLAIMER This video is for educational purposes only and does not constitute regulated financial advice. Pension decisions are complex and individual circumstances vary. For pensions over £30,000 with safeguarded benefits, you are legally required to take regulated financial advice before transferring. Always check your specific pension terms and consult a qualified advisor before making any decisions. If you found this helpful, please like, subscribe, and share with anyone navigating pension decisions.