Report: Helping employees navigate their retirement income options
This latest research from WEALTH at work has found that more than a quarter of people approaching retirement admit that they need help to understand what their income options are.
Key findings:
- 23% have no idea of how much tax they will need to pay on their pension
- 15% have no idea how much they can take from their retirement savings without them running out
- 17% don’t know what income drawdown is.
The research of 1,320 UK adults aged 50+ in employment was carried out by Vital Research between 20th May and 4th June 2021.
In partnership with WEALTH at work
WEALTH at work is a leading financial wellbeing and retirement specialist - helping those in the workplace to improve their financial future.