Retirement

Retirement is defined as to “withdraw from one’s position or occupation or from active working life.”

For most of us, this comes at a certain age, and/or when we reach a level of financial security that means we no longer have to work to earn money.

We no longer have a default “retirement age” in the UK – instead, we have a “Pension Age” which is the age at which you can claim your state pension

Your pension age will vary between 65 and 68 depending upon when you were born. You can work beyond your pension age, and further information about your pension can be found from the Pension Advisory Service.

You will need to be aware that your income is likely to change and to take than into account when planning your commitments and activities. You might like to work out how much you will get in pensions using the Money Advice Service or check the government advice . You need to plan for your retirement as early as possible.

Plan your retirement in advance and build up to it, so that you have some consistency through the transition

You might like to try the following suggestions:

Find a club or group that follows your special interests that you can join when you retire.
Try a new hobby.
Sign up to learn something new related to things you love. Adult education courses can be a great way to learn new skills and meet new people in a control