If the thought of work after the long Easter weekend fills you with dread, look away now. A new study suggests that one in five people think they will be working after the age of 70. Willis Towers Watson, a global financial services firm, found that people under the age of 40 were more likely to think they would be staying in jobs until they were 70. Some of the 2,000 workers it questioned thought they would never be able to retire.
Fiona Matthews from Willis Towers Watson said: ‘These figures put into sharp focus the worries that British workers have about their long-term savings and financial security in old age. This is already causing stress and having a negative impact on their health. Although employment levels are good and wages are rising, many employees are worried about long-term financial stability.’
The Daily Mail reports that wealthy people deferring their income until after the top rate of tax was cut were a major factor in the Treasury taking an extra £8 billion in revenue.
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