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The Average UK Retirement Income - How Do You Compare?

Proper Money UK 12 views

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@vladimirmoravec
 Right here is fact my mum 1000£ a month 20k in savings that's it and of course house paid car paid that is what she needs and is happy so don't need more than1000 a month or 12 o a year
Comment from : @vladimirmoravec


@jonathanpaske2739
 I think the whole thing is futile Everybody is different, everybody lives differently and everybody's needs and wants are different
Comment from : @jonathanpaske2739


@jwpclarke
 What do these amounts translate to, taking into account state pension, in terms of total pot sizes required?
Comment from : @jwpclarke


@peter888uk
 Why are you using Mean (Average) and not Median (the midpoint)? brbrProvide vastly different resultsbrbrbr//
Comment from : @peter888uk


@johnristheanswer
 Median income data , in fact, median everything is better than average Those figures would be of greater interest
Comment from : @johnristheanswer


@stewartburnett7303
 You mention "as they get older their private pension will be depleted to the extent that they will be more heavily reliant on the state pension" without any backup - why - my DB private pensions are index linked and my DC is growing quite a bit faster than inflation - almost as fast as I can spend it
Comment from : @stewartburnett7303


@patoises
 5:30 for couples the average is just above the minimum rather than "just shy of moderate"
Comment from : @patoises


@stevegeek
 It will be interesting to see if the recent budget changes (bringing pensions into IHT) will mean people spending more and saving less of their private pensions Many people seem to be happy to spend now and let the state care for them later, but there is state pension time bomb in UK, with people living longer and a shrinking proportion of workers to fund state pensions
Comment from : @stevegeek


@superduper9357
 And that's mean average, so it will be skewed upwards by a few people who have large retirement incomes The median will be lower than those averages stated
Comment from : @superduper9357


@tancreddehauteville764
 The 'comfortable' £43k net for a single person is simply insane - most people don't even get this as full time employees! The figures for married people are bit more realistic, but still very ambitious I think the definitions should be reclassified as: moderate, comfortable and luxurious
Comment from : @tancreddehauteville764

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