| Title | : | The Average UK Retirement Income - How Do You Compare? |
| Lasting | : | 8.06 |
| Date of publication | : | |
| Views | : | 12 rb |
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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 |
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I think the whole thing is futile Everybody is different, everybody lives differently and everybody's needs and wants are different Comment from : @jonathanpaske2739 |
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What do these amounts translate to, taking into account state pension, in terms of total pot sizes required? Comment from : @jwpclarke |
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Why are you using Mean (Average) and not Median (the midpoint)? brbrProvide vastly different resultsbrbrbr// Comment from : @peter888uk |
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Median income data , in fact, median everything is better than average Those figures would be of greater interest Comment from : @johnristheanswer |
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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 |
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5:30 for couples the average is just above the minimum rather than "just shy of moderate" Comment from : @patoises |
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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 |
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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 |
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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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