The Office of National Statistics has today published 2012 editions of chapters 11, 12 and 13 of Pension Trends. Pension Trends draws together statistics from ONS, a number of government departments and other organisations to highlight the complex issues that shape trends in pension provision in the UK.
Key highlights from these chapters include:
- There were 6.7 million pension households receiving state benefit income and 4.8 million receiving private pension income in 2010/11
- Mean annual state benefit income was £12,200 per pensioner couple, £8,100 per single man and £8,000 per single woman
- Mean annual private pension income was £11,900 per couple, £8,500 per single man and £5,900 per single woman
- The average income for pensioners was £610 per week per couple compared to £345 for single men and £279 for single women
- Incomes for couples under 75 were higher than for those over 75
- Median income from an occupational pension was £172 per week per couple, £81 per single pensioner
- Median income from a personal pension was £42 per week per couple, £33 per single pensioner
- The position of retired households has improved over the last 30 years as their disposable income in real terms has increased – averaging around £21,000 a year
- Pensioners with private pensions are more likely to be in a higher income quintile group
- In the last 30 years households in the top two income quintiles saw their share of retirement income increase while households in the bottom two income quintiles saw their share of retirement income decrease.
Full details on the ONS website here.