Pensions Analysis Unit
Telephone: +44 (0) 1633 456439
Frequency of release: Ad-hoc
Geographical coverage: UK
Geographical breakdown: UK
A larger proportion of men than of women receive the full Basic State Pension (BSP): in September 2012, 80% of male pensioners received full BSP compared with only 46% of female pensioners.
Average net income received from state pension has increased over the period from 2003 to 2013 at a faster rate than Consumer Price Index (CPI) inflation. Average net income received from state pension increased by an estimated 14% for men and 23% for women in real terms over this period (This does not take into account any payments made to pensioners that were contracted out of the additional state pension).
Non-contributory (income-related) Pension Credit is made up of a means-tested guarantee credit element, designed to provide a minimum level of income for pensioners and a savings credit element. Single women are the largest group of pensioners receiving guarantee credit. There were 1.1 million single women recipients in February 2013.
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.