Working after your retirement


Whether you need the income or simply feel too young to retire just yet, there are a number of opportunities for today’s retirees.

Increasingly, companies are beginning to appreciate the qualities older workers can bring to the workplace: Their experience and maturity, for example.


Consequently, it’s no surprise that Office of National Statistics figures show that over one million people aged 65 and over are still working (Labour Market Statistics, December 2018).

Let’s take a look at the options to consider, the pitfalls to be aware of and where you can get further help.

What are my options?

There are a number of options you can consider. For example:

  • Stick with your current employer. The first option to consider is whether you should stay with your current employer? It's now unlawful to discriminate against workers on the grounds of their age. This doesn't mean your employer has to keep you on, but it does mean companies can't use age as a reason not to continue to employ people.
  • Choose another company to work for.  Maybe you fancy a change? Something completely different? Well, there are plenty of companies that specialise in recruiting retired employees.  A quarter of B&Q’s workforce is over the age of 50. Other employers who have a reputation for employing older workers include Halifax, Marks & Spencer and JD Wetherspoon, the pub chain.
  • Running your own business. Many retirees, cushioned by the State Pension and their company pensions, use retirement to set up a small business, perhaps around an interest or hobby. If this appeals to you, make an appointment with your local business banker. These people can often help you establish your business in the right manner and offer lots of help with accounting, marketing your business and much more.
  • Voluntary work. If your main motivation isn’t money, but the opportunity to help others, you should consider the voluntary sector where there are any number of opportunities to work full time or part time to suit you.

What are the pitfalls to beware of?

There are a couple of pitfalls you need to consider if you’re planning to take on paid work after you retire: 

  • Means tested benefits. If you receive or anticipate receiving means tested benefits such as Pension Credit, Housing Benefit or Council Tax Support, then your entitlement could be affected if you work beyond retirement.
  •  Higher tax band. If you continue working, but also take your State pension and/or any private pension, this may tip you into a higher tax bracket.


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