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Release: Pension Trends - Chapter 12: Household Pension Resources, (2012 Edition)

Released: 24 October 2012

Contact

David Knight

Pensions Analysis Unit

pensionsanalysis@ons.gsi.gov.uk

Telephone: +44 (0)1633 455633

Categories: Economy, Personal Finances, Pensions

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • 6.7 million pensioner households received state benefit income (including state retirement pension) in 2010/11.

  • 4.8 million pensioner households were receiving private pension in 2010/11.

  • In 2010/11, 45 per cent of single pensioners had total pension income of less than £10,000, while 27 per cent of pensioner couples had less than £15,000.

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

This chapter looks at the resources from private pension savings and state benefit income (including state pension). The chapter is designed to show the value of the pension resources of pensioner households in the UK and, in particular, the distribution of these resources. The analyses also give breakdowns by age band and annual payments received. Comparisons between single male and female pensioners are made, as well as with pensioner couples.

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

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.