Pension Facts December 2012

The information in 'Pension Facts will be updated regularly as new information becomes available.

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 Last updated December 2012

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Demographics

Table 1: Projected number of people in the UK of state pension age or older (updated 12/2011)

Table 2: Projected life expectancy at age 65 (updated 12/2011)

State Pensions - General

Table 3: Total spending on state pensions and other benefits for pensioners (updated 12/2008)

Table 4: Average proportion of pensioner income paid from state and private pension provision
(updated 09/2012)

State Pensions - Basic State Pension

Table 5: Current full amount of Basic State Pension and projected future amounts (updated 09/2012)

Table 6: Average amount of Basic State Pension received (updated 09/2012)

Table 7: Proportion of pensioners receiving less than the full amount of Basic State Pension (updated 12/2009)

Table 8: Number of working age people who have accrued a qualifying year for the Basic State Pension by method of accrual (updated 12/2012)

State Pensions - State Second Pension

Table 9: Average amount of SERPS and State Second Pension received per week (updated 09/2012)

Table 10: Number of working age people accruing entitlement to State Second Pension (updated 12/2012)

State Pensions - Pension Credit

Table 11: Number of Pension Credit claimants (overall and by component being received) (updated 09/2012)

Table 12: Take-up of households receiving different types of Pension Credit (updated 09/2012)

Table 13: Average weekly payments of Pension Credit (by component) (updated 12/2012)

Private Pensions

Table 14: Proportion of working-age people currently accruing a non-state pension (updated 12/2011)

Table 15: Proportion of pensioners receiving an occupational or personal pension (updated 09/2012)

Table 16: Average amount received by a pensioner from occupational and personal pensions; average of those receiving something more than zero (updated 12/2011)

Table 17: Average size of pension fund used to buy an annuity (updated 12/2011)

Table 18: Number of occupational pension schemes by status (updated 12/2008)

Table 19: Number of occupational pension schemes by size and sector (updated 12/2008)

Table 20: Number of private sector occupational pension schemes by size and type (updated 12/2008)

Table 21: Number of members of occupational pension schemes (updated 12/2012)

Table 22: Contribution rates to private sector schemes by scheme size (updated 12/2012)

Table 23: Number of active members of occupational pension schemes (updated 12/2012)

Table 24: Number of active members of private sector occupational pensions by benefit structure (updated 12/2012)

Table 25: Number of members of occupational pension schemes (updated 12/2012)

Table 26: PPF funding levels of DB pension schemes (updated 12/2012)

Table 27: Average voluntary contribution to a private pension as a proportion of National Average Earnings (updated 09/2012)

Table 28: Amount of money in funded pensions by type of investment (updated 12/2011)

Table 29: Estimated costs of tax relief on private pensions (updated 12/2012)

Table 30: Percentage of total tax relief on individual and employee pension contributions by tax rate (updated 09/2012)

Table 31: Percentage of total tax relief on individual and employee pension contributions by income decile (updated 09/2012)

Table 32: Percentage of total tax relief on individual and employee pension contributions by income band (updated 09/2012)

Working and Retirement

Table 33: Proportion of people working by age group and sex (updated 09/2012)

Table 34: Average retirement ages (updated 01/2007)