Attention is often focused on the so-called ‘savings gap’: the extra that people need to ‘save’ so that future average retirement incomes are not relatively lower than the average today. However, future retirement income could also be increased by spending more on state pensions and/or working longer.

This Briefing Note investigates the potential for working longer to help close the ‘gap’. It finds later retirement has the potential to significantly reduce the gap in retirement income. Enabling work at older ages for all those who can, and supporting those who cannot, are crucial planks of pensions reform. 


To download Briefing Note 23, please click here.