More than half the Dutch working population underestimate what the retirement age is likely to be for them, with fewer than one third of the under 35s realising they may have to work until they are 70.

The research was carried out by financial research group Wijzer in Geldzaken.

The Dutch state pension (AOW) is gradually being increased to 67 and will go up in line with life expectancy rises from 2023.

And fewer than one quarter of the 45 to 49-year-olds realise they will have to wait until the age of 68 for a state pension.

The research also found only 11% of people check their pension situation and 50% have no idea what their income will be when they retire.