Women delaying retirement until age of 62

Women are delaying their retirement later than ever before, official figures have revealed.

The average woman is staying in work for an extra 20 months compared to the mid-1980s, according to the Office for National Statistics (ONS).

Average female retirement age is now 62 years and four months, compared to 60 years and eight months in 1984, reports the Daily Mail.

The average man retires at 64 years and six months, an age which has not changed over the past year.

Since 1993, the number of women workers aged over 60 has risen from 512,000 to an all-time record of 953,000.

The ONS said there has been “a particularly sharp rise” in the age at which women leave the workplace over the past decade. It is likely that will keep rising because the state pension age for women is scheduled to rise from 60 to 65 by 2020.

Earlier this year, the High Court ruled that a default retirement was legal, in the landmark Heyday legal case, but said there was a “compelling case” for raising or removing it.

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