Pension Provision By Age Group
The Family resources survey from the UK Department for Work and Pensions, details levels of income, saving and pension provision for a representative selection of UK households and is the source for the table below for UK employees (Table 7.12):
| Pension Provision Level | 16–24 age group | 25–34 age group | 35–44 age group | 45–54 age group | 55–59 age group | 60–64 age group | 65 + age group | Working age Male | Working age Female | All Adult Employees | All Self Employed Adults |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Occupational Pension | 15% | 41% | 51% | 52% | 49% | 33% | 2% | 44% | 46% | 42% | 1% |
| Personal or Stakeholder Pension | 1% | 8% | 11% | 11% | 11% | 8% | 3% | 12% | 7% | 9% | 30% |
| Both Occupational and Personal Pension | 0 | 1% | 2% | 3% | 3% | 2% | 0 | 2% | 2% | 2% | 0 |
| Not in any Pension scheme | 83% | 49% | 36% | 34% | 37% | 56% | 95% | 42% | 46% | 47% | 68% |
Most employees over the state pension age of 65 would not have pension provision as part of their salary and benefits - they may well however be receiving income from a pension from previous employment
Read more about this topic: Pensions In The United Kingdom
Famous quotes containing the words pension, provision, age and/or group:
“It is a sort of ranger service. Arnold’s expedition is a daily experience with these settlers. They can prove that they were out at almost any time; and I think that all the first generation of them deserve a pension more than any that went to the Mexican war.”
—Henry David Thoreau (1817–1862)
“Why should the generations overlap one another at all? Why cannot we be buried as eggs in neat little cells with ten or twenty thousand pounds each wrapped round us in Bank of England notes, and wake up, as the Sphinx wasp does, to find that its papa and mamma have not only left ample provision at its elbow but have been eaten by sparrows some weeks before we began to live consciously on our own accounts?”
—Samuel Butler (1835–1902)
“Nothing dates one so dreadfully as to think someplace is uptown.... At our age one must be watchful of these conversational gray hairs.”
—Ruth Gordon (1896–1985)
“The government of the United States at present is a foster-child of the special interests. It is not allowed to have a voice of its own. It is told at every move, “Don’t do that, You will interfere with our prosperity.” And when we ask: “where is our prosperity lodged?” a certain group of gentlemen say, “With us.””
—Woodrow Wilson (1856–1924)