David Knight
Pensions Analysis Unit
pensionsanalysis@ons.gsi.gov.uk
Telephone: +44 (0)1633 455633
Categories: Economy, Personal Finances, Pensions, Retirement
Frequency of release: Ad-hoc
Language: English
Geographical coverage: UK
Geographical breakdown: UK
Although retired households' income is lower than that of non-retired households, the position of retired households has improved over the last three decades.
In 2010/11, income from private pensions accounted for a similar proportion of the average gross income of retired households as the state pension: 41 per cent and 38 per cent respectively.
In 2010/11, pensioners with private pensions were more likely to be in the higher income quintile groups.
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.
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.