Flexible retirement and pensions

Some pension schemes allow employees who reach pensionable age to draw their pensions while staying in work. This can help an employee to reduce their working hours and/or move to a lower-paid job involving less responsibility without a loss of income. Although the government has made changes to the law to allow employers to continue to employ people who are drawing their company pension, individual occupational pension scheme rules vary. Not all schemes will allow this but some do, and others also allow employers to continue to contribute to the employee’s pension after the employee passes retirement age.