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State Pensions: General

Table 3: Total spending on state pensions and other benefits for pensioners (£ billions and % GDP)[1]

 

Type of benefit

Real terms, 2016/17 prices (£ bn)

2016/17

2021/22

2027/28

2037/38

Basic State Pension

71

62

52

28

SERPS/ S2P

19

17

13

6

Single-tier pension

1

19

58

153

Other elements of State Pension

3

2

2

1

Pension Credit

6

5

3

2

Other pension benefits[2]

2

2

2

2

Total Pensions

102

107

129

192

% of GDP

5.2

5.0

5.2

6.2

 

 

 

 

 

Housing related benefits[3]

6

5

6

8

Attendance Allowance and Disability Living Allowance

11

11

12

14

%GDP

0.3

0.2

0.2

0.3

%GDP

0.6

0.5

0.5

0.5

Total pensions + benefits paid to pensioners

119

123

147

215

% of GDP

6.1

5.8

6.0

7.0



[1] DWP(2017) https://www.gov.uk/government/publications/benefit-expenditure-and-caseload-tables-2017

These are the official Government projections.

[2] ‘Other pension benefits’ comprise Winter Fuel Payments, Over 75s TV Licences and Christmas Bonus

[3] Housing-related benefits’ comprise Housing Benefit, Council Tax Support in Great Britain, Rate Rebate in Northern Ireland, and Discretionary Housing Payments

 

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