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
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