Should You Continue Work When In Retirement?

According to research more than a third of UK adults will continue to work when in retirement.

More than 16,000 people in 15 countries were interviewed and showed that only 29% of UK workers will completely stop working when they are in their retirement age, while 36% said they will work part time or will be looking for a temporary contracts and 14% hope to work in some capacity during retirement. Many of these people are likely to start drawing income from pension in order to supplement their part time earnings.

The shift in government pension reforms is aimed to provide greater pensions flexibility in terms that people will be able to take money from the pension pots before retirement age. However, it is likely that people who do not earn enough might use income from their pension in order to supplement their part time income. 

Another change in pension reforms is that people are allowed to continue making pension contributions of up to £10,000 each year, therefore although people are allowed to take money from their pension pots, they are allowed to top pension pot still.

The survey has also revealed that only 12% people planned their retirement, while 39% have no plan. According to Macmillan, it is important to have a retirement plan as the pension reforms has changed so it is important to make the best of pension income.

Searching for retirement destinations?

Increasing numbers of retirees are relocating to resorts and coastal towns according to one of retirement rentals company. Most popular destinations in the UK for seniors this year include Bournemouth, London, Cheltenham, Eastbourne, Exeter followed by Pool, Porthsmouth Torquay, Bromley and Southport.

People who are willing to sell property in Oxford or other towns before Christmas and consider moving to assisted living homes should start listing their property on the market by 28 September on average according to Move with Us. Some property sellers might need to put their property on market even earlier – those living in North East should list property around 9^th August, those in Wales 18^th August.

Inside one of the most exclusive homes ONE HYDE PARK

The building in London is one of the most exclusive and super private home called One Hyde Park. One Hyde Park is the first residential building in London that will merge super luxury hotel services with residential living areas.  

The luxury new development is based in the heart of London overlooking Knightsbridge and Hyde Park. The building was completed in 2011, featuring steel-and-glass material and containing 86 apartments and 3 exclusive boutiques within 4 pavilions. Some of the units were on the world’s records with a square foot priced at £7,500. 

Apart from super luxurious apartments in London centre, building’s residents have an access to communal gym as well as pool. Some apartments have incorporated a private gym facing Knightsbridge. Moreover, a spa can be found including a nail salon, a massage room, showers with body jets, thus residents can enjoy spa treatments without leaving home. The residential development has been built considering every aspects – including perfect location, the views over Knightsbridge and Hyde Park.