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
Characteristic
Share of respondents
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* 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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Aviva. (March 31, 2016). 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 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/
Aviva. "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 ." Chart. March 31, 2016. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/
Aviva. (2016). 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 . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/
Aviva. "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 ." Statista, Statista Inc., 31 Mar 2016, https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/
Aviva, 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 Statista, https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/ (last visited July 22, 2024)
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 [Graph], Aviva, March 31, 2016. [Online]. Available: https://www.statista.com/statistics/540764/over-50-impact-of-freedoms-on-retirement-plans-uk/
