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)
“On every formal visit a child ought to be of the party, by way of provision for discourse.”
—Jane Austen (1775–1817)
“Cruel children, crying babies,
All grow up as geese and gabies,
Hated, as their age increases,
By their nephews and their nieces.”
—Robert Louis Stevenson (1850–1894)
“For me, as a beginning novelist, all other living writers form a control group for whom the world is a placebo.”
—Nicholson Baker (b. 1957)