Half of all workers aged 46 to 64 do not expect to have enough money put aside to retire when they reach State Pension age.

A YouGov poll of 2,112 working adults conducted on behalf of charity Age UK found that more than a third (35%) expect to be working the same hours into their late 60s. And, of those who expect to retire when they reach their State Pension age, only 17% said it was because they will be financially secure enough to stop working.

As a result of its findings, Age UK is calling on the government to help people explore how they can put enough money aside for the future while there’s still sufficient time left to make a difference.

The charity’s proposal to introduce a ‘career MOT’ at the age of 50 met with the approval of 51% of over-50s and 60% of those aged between 40 and 44.  

However, the majority of respondents across all age groups were keen to receive guidance on how to boost their retirement savings.

Caroline Abrahams, Charity Director at Age UK, said: 

"Our research shows millions of people across the country will need to continue working in some capacity past their State Pension age. People will inevitably have to work longer and there is a growing need for everyone to make informed choices about training options, pension provision and future career options if they are to make a successful transition into a comfortable retirement."

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