Almost half a million people over the age of 70 were in full or part-time work at the end of March 2019, according to the Office for National Statistics.

This represents a rising year-on-year trend, and a 135% increase on the number of septuagenarians who remained in employment back in 2009. For younger generations, retirement increasingly feels like a pipe dream given suppressed wage growth and high living costs.

However, effective retirement strategies can at least help you identify how much you will need to retire, when you can expect to retire, and how long your money will last. Read our article to see the various ways to retire and the tax implications.