Getting the most out of semi-retirement

More people than ever before in the UK are making the decision to retire early. Since the Covid-19 pandemic, there has been a significant uptick in the number of 50 to 64 year olds choosing to retire – a trend which has been noted by the House of Lords, prompting a report into the subsequent effect of shortages in the labour market.   

Although state pensions cannot be taken until the age of 66 (rising to 68 depending on a person’s date of birth), private pensions can be drawn from the age of 55. However, many people choose to ‘unretire’ – to retire from their career, but not to stop working altogether. Sometimes this is a purely financially driven decision; sometimes it’s because the person wants to carry on working in some capacity for other reasons. But whatever the motivating factor, semi-retirement is a growing trend amongst the older working population – and one that requires careful thought and consideration.  

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What to do when your new job doesn’t work out 

You’re excited to start your new job. You’ve done all your homework, asked all the right questions during interviews. Then the honeymoon period starts to wane as you get to grips with what the role actually entails. You start to realise the job just isn’t what you were expecting.  

There are a number of reasons this might happen. It could be the job itself – the type of work it involves day to day, maybe the commute is far worse than you imagined, or it might be a key relationship that just isn’t working.  

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