Pensions - Articles - Disability figures by age and gender


Nearly one-third of people aged 60-64 suffer a disability according to latest official figures that put a question mark over many people’s earning capacity towards the end of their working lives.

 Stephen Lowe, group communications director at Just Group, said: “Although slowly improving, disability rates in the decade or so before retirement remain relatively high. Nearly a quarter (23%) of people aged 50-54, 29% of those aged 55-59 and 32% of those aged 60-64 report a disability, with women reporting a higher incidence of disability than men.

 “For many of these the option of working later in life will only be possible if the right kind of jobs are available, in particular those that don’t depend on mobility, stamina or dexterity. Is our economy geared up not just for older workers, but the right type of work to give them?

 “The figures also raise an interesting point about giving people extra pension flexibility from age 55. Taking cash early may well help those whose ability to work is hampered. However, it also suggests that a high proportion – perhaps one in three – of those who access cash early may find their ability to work curtailed earlier than they expect, which will have a knock-on effect on their incomes in retirement.

 “This reinforces the need for people thinking of accessing pension cash early to consider the ‘what ifs’ of later life and highlights the importance of using Pension Wise, the government’s free, impartial and independent pension guidance on offer or professional advice.”
  

 

Back to Index


Similar News to this Story

Face the fear this Halloween
One in ten (10%) are too scared to check their pension. Nearly half (47%) believe their retirement finances are influenced by forces beyond their cont
Almost a million retirees miss out on vital Pension Credit
DWP data on Pension Credit take up reveals that up to one million pensioner families could be losing out on an average of £2,600 a year in Pension Cre
HMRC pension overtaxation claims hit landmark £1.5 billion
Brits reclaimed £48.5 million in overtaxation on pension withdrawals in July, August and September 2025, the latest HMRC figures reveal. Over 13,700 r

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.