Nearly half of Irish adults believe their 60s will be most expensive decade in retirement

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Retirement News

Pension,Royal-London

Views expressed changed depending on how close the respondents were to retirement, survey by life insurance company Royal London Ireland finds

Survey found just 8 per cent of the 35-44 year olds surveyed expect their 80s to be the most expensive decade of retirement. Photograph: iStock

The survey of 1,000 adults, however, noted that the views expressed changed depending on how close the respondents were to retirement. The planned introduction of the compulsory workplace pension scheme next year will see up to 800,000 private-sector workers between the ages of 23 and 60 and earning above €20,000, who are not already signed up to a private pension scheme automatically signed up to a workplace pension scheme.

 

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