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April 2018

Making the right exit

Compared to many other industries, IT is very young. Barely a teenager in fact. That sense of youthfulness is compounded by the near-constant changes and innovations that appear with increasing frequency. Nevertheless, there’s no getting away from the fact that it’s now well over 40 years since the first PC was released. Which means that however young IT seems as an industry, it’s old enough for people to have started a career in it and to have worked in technology through to retirement. Good luck to them. The big question is whether people starting work in IT now, or even those in their 30s, 40s and 50s, will be as fortunate. Not everyone is optimistic. A recent UK survey by Aldermore found 76% of bosses in technology SMEs were planning to work past retirement (and more than a third expected to work well into their seventies). Up to 12% believed they would never be able to retire and only 16% expected they would be able to sell their business to finance their retirement. So, according to the survey, one in eight SME technology ...

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