Employees who have embraced working from home in the pandemic are pushing back their retirement plans.
One in ten people over 50 who were working entirely from home said they were more likely to retire later — double the proportion of those who were working from an office.
“Lots of people find the commute to work quite stressful, so those who don’t have to do that any more find working longer more attractive,” said Christopher Brooks, the head of policy at the charity Age UK. “It also helps you balance your home, work and potential caring responsibilities.”
Extra years of working — and contributing to your pension pot rather than drawing from it — can have a significant impact on the amount of money you