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Summary: Chapter 11: Pension Trends, 2012 Edition

Released: 24 October 2012 Download PDF

Mean gross income of pensioner units, 1994/95 to 2010/11

Great Britain / United Kingdom, £ per week at 2010/11 prices

Mean gross income of pensioner units

Notes:

  1. Data before 2002/03 are for Great Britain. Data for 2002/03 onwards are for the United Kingdom.
  2. The 2010/11 constant price series is calculated using the Retail Price Index excluding Council Tax.
  3. Source: The Pensioners' Income Series 2010/11, Department for Work and Pensions.

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Mean gross pensioner incomes increased by an estimated 50 per cent in real terms between 1994/95 and 2010/11. The real increase in average gross pensioner incomes is calculated in the Pensioners' Income Series by deflating the nominal increase by the Retail Price Index excluding Council Tax/rates.

The increase in average gross pensioner incomes may seem surprising, given that during the period the basic state pension has been linked to prices, which have risen more slowly than earnings. The main reason for the increase is that occupational pensions have grown in importance during the period. However, average growth figures conceal considerable variations between the experience of poorer and richer pensioners.

Source: Office for National Statistics

Background notes

  1. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

    These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

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