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:
““Wotever is, is right, as the young nobleman sveetly remarked wen they put him down in the pension list ‘cos his mother’s uncle’s vife’s grandfather vunce lit the king’s pipe vith a portable tinder-box.””
—Charles Dickens (1812–1870)
“The caretaking has to be done. “Somebody’s got to be the mommy.” Individually, we underestimate this need, and as a society we make inadequate provision for it. Women take up the slack, making the need invisible as we step in to fill it.”
—Mary Catherine Bateson (20th century)
“The terror of the atom age is not the violence of the new power but the speed of man’s adjustment to it—the speed of his acceptance.”
—E.B. (Elwyn Brooks)
“No group and no government can properly prescribe precisely what should constitute the body of knowledge with which true education is concerned.”
—Franklin D. Roosevelt (1882–1945)