Abstract
The Government has introduced several policies aimed at extending working lives. One of these policies, rises in the State Pension Age (SPA), could impact on the income of older people. This article analyses the implications of extending working lives and its impact on retirement adequacy. It finds that a rise in SPA could result in higher income in retirement for those who can work longer. However, the article also finds that while around 85 per cent of people aged between 50 and SPA could achieve a Minimum Income Standard by SPA, only around 40 per cent could reach their target replacement rate. Consequently, many people may experience a drop in their standard of living when reaching their SPA, unless they are able to work and save for longer.
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