{"id":28798,"date":"2025-03-12T10:59:31","date_gmt":"2025-03-12T10:59:31","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/03\/12\/the-changing-face-of-retirement-as-the-traditional-hard-stop-is-consigned-to-history\/"},"modified":"2025-03-12T14:15:35","modified_gmt":"2025-03-12T14:15:35","slug":"the-changing-face-of-retirement-as-the-traditional-hard-stop-is-consigned-to-history","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/03\/12\/the-changing-face-of-retirement-as-the-traditional-hard-stop-is-consigned-to-history\/","title":{"rendered":"The changing face of retirement \u2013 as the traditional \u2018hard-stop\u2019 is consigned to history"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Catalysed by the 2011 abolition of the Default Retirement Age, a combination of economic and socio-demographic trends are changing people\u2019s outlook to retirement; and this, in turn, is heightening the need to adopt a more fluid approach to retirement planning.<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Carry on working&nbsp;<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Research<sup>1<\/sup> suggests the traditional \u2018hard stop\u2019 retirement is increasingly being consigned to history, with 69% of UK adults now believing retiring in your sixties will become a thing of the past. Another study<sup>2<\/sup><sup> <\/sup>found that 41% of adults expect people never retiring to become the norm over the next 10- 25 years; this represents a sea change in opinion with comparable figures from previous studies on this issue around 13%.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Mind the tax<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>There are undoubtedly good reasons why people continue working beyond retirement age, not least the financial benefits. Some enjoy the sense of purpose or structure a job provides, while others see it as a way of keeping active and sociable. This trend to a more gradual transition from the world of work, however, does increase the need to carefully consider any tax implications associated with earning an income while potentially taking, or delaying, pension benefits, particularly in relation to tax brackets.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Whenever and however you want to stop working, proactive preparation is the key to a happy and comfortable retirement.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Canada Life, <sup>2<\/sup>Phoenix Insights, 2024&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planning.<\/strong>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Catalysed by the 2011 abolition of the Default Retirement Age, a combination of economic and socio-demographic trends are changing people\u2019s outlook to retirement; and this, in turn, is heightening the need to adopt a more fluid approach to retirement planning.&nbsp; Carry on working&nbsp;&nbsp; Research1 suggests the traditional \u2018hard stop\u2019 retirement is increasingly being consigned to [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":28834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,88],"tags":[],"hd_content_source":[116],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/28798"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=28798"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/28798\/revisions"}],"predecessor-version":[{"id":28835,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/28798\/revisions\/28835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/28834"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=28798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=28798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=28798"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=28798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}