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About 10% of soon to be retirees plan to capitalise on the pension reforms to start a small business or go into consultancy, research suggests.
A new Retirement Life Planning calculator for advisers to use with clients has been unveiled by AXA Wealth as part of a suite of tools being developed by the company.
Albert Einstein once said that "the hardest thing to understand in the world is income tax".
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Over half of people planning retirement are looking at alternative income such as buy-to-let, with a fifth showing scepticism about pensions.
Two thirds of adults aged 65-74 want to be working at least part-time in retirement, according to a study.