Claiming a pension at state pension age (as per new pensions reform), not at the age of 61 (early-opt-out) and remaining in employment beyond retirement has a lot of positive benefits:
- to boost your pension
- to keep fit and active
- to enjoy a higher quality of life (basically two incomes – a pension and a wage)
- to benefit from the % increase (for those working in the private sector since 2016 and for public sector employees since 2019, claiming a pension at state pension age having had the possibility to claim a pension at 61 years of age) (already discussed at : link )
- to benefit from the 65 years proviso (for those whose contribution average is not full) (our new highlight for today : link)
However, we still need to make a distinction between those who continue to work beyond retirement because they have to, to avoid a low quality of life during retirement and those who continue working because they chose to and want to.
Own initiatives to know, plan, act, budget and save at an early stage are worthwhile.
Become financially capable!