PARLIAMENTARY WRITTEN QUESTION
Older People: Income (4 October 2024)

To ask the Secretary of State for Work and Pensions, if she will make an estimate of the number of pensioners who have an annual income that is (i) lower and (ii) higher than (a) £23,795.20, (b) £12,570, (c) £50,271, (d) £125,140, (e) £60,000, (f) £70,000 and (g) £24,000.

Asked by:
Dr Caroline Johnson (Conservative)

These estimates are provided at a pensioner unit level. The estimated number of pensioner units with the gross annual incomes specified are stated in the following text. Numbers have been rounded to the nearest 100,000 and then displayed in millions. Individual figures have been rounded independently, so figures may not sum due to rounding.

(a) (i) lower than £23,795.20 – 4.1m, (ii) higher than £23,795.20 – 4.6m

(b) (i) lower than £12,570 – 1.0m, (ii) higher than £12,570 – 7.7m

(c) (i) lower than £50,271 – 7.4m, (ii) higher than £50,271 – 1.2m

(d) (i) lower than £125,140 – 8.5m, (ii) higher than £125,140 – 0.2m

(e) (i) lower than £60,000 – 7.9m, (ii) higher than £60,000 – 0.8m

(f) (i) lower than £70,000 – 8.2m, (ii) higher than £70,000 – 0.5m

(g) (i) lower than £24,000 – 4.2m, (ii) higher than £24,000 – 4.5m

These estimates are based on Pensioners’ Incomes data derived from the Family Resources Survey and cover private householders in the United Kingdom and the financial year 2022/23.

A pensioner unit can be a single pensioner over State Pension age, a pensioner couple where one member is over State Pension age, or a pensioner couple where both members are over State Pension age.

Answered by:
Emma Reynolds (Labour)
10 October 2024