Impact of freedoms on retirement plans of older workers in 2016 Kingdom | Statista

This statistic illustrates the impact of pension freedoms, giving full access to pension savings, on employees aged 50 and older and their plans to retire from work in the United Kingdom (UK) as of 1st quarter 2016. It can be seen that at that time 32 percent of all over 50s stated that they had no plans to retire. Only eight percent reported plans to retire sooner due to pension freedoms having been introduced.

The impact of pension freedoms* upon plans of employees older than 50 years old to retire from work in the United Kingdom (UK) as of 1st quarter 2016

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Release date

March 2016

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Region

United Kingdom

Survey time period

1st quarter 2016

Supplementary notes

* According to the source: "Pension freedoms [...] were introduced in April 2015 and allowed people aged 55 and above full access to their pension savings".

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