Old Mutual Wealth conducted a survey of over 1,600 United Kingdom adults undertaken by YouGov.  It found that 30% of people not retired expected to work part-time to fund their retirement needs once they reached retirement age.

This figure, which takes into account adults between the ages of 50 and 75, is higher than last year by four percent.  When existing retirees were examined, the number of people currently working part-time to supplement other sources of retirement income is much lower.  Part-time work is valuable for both current and future retirees, since both groups of people expect to secure 30% of their total retirement income from employment income.

The survey also revealed that over half of the respondents suggested one reason they will work part-time into retirement is to make ends meet.  Others cited social reason for their choice.

One human resource expert explained that many of the certainties that once existed are no longer.  There are many decisions people have to make on their own in order to structure their retirement the way they want it.  In some cases, this planning fails in execution.

HR experts are urging those approaching retirement and even those who are not but who qualify, to take advantage of free government services like Pension Wise.