§ Mr. DenhamTo ask the Secretary of State for Social Security if he will estimate for newly retired(a) pensioners and (b) pensioner couples in 1990–91, 1992 and 1994–95 (i) average nvestment income by quintile and by decile, (ii) average occupational pension income by quintile and by decile, (iii) average personal pension income by quintile and by decile, (iv) average state earnings-related pension scheme income by quintile and by decile and (v) average income from all sources by quintile and by decile. [17474]
§ Mr. HealdThe information is not available in the format requested. Such information as is available is in the table.
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Income source Quintile 4 Quintile 5 Total 1990–91 £ 1992 11994–95 1990–91 1992 11994–95 1990–91 1992 1994–95 Investment income 42.00 42.50 27.20 146.80 130.30 118.10 43.80 45.30 33.50 Occupational pension 63.10 68.90 78.00 131.60 169.30 186.50 49.20 59.80 66.60 Gross income 234.80 242.90 238.20 462.80 507.70 529.80 213.90 234.50 235.60 Net income 201.20 215.80 210.00 370.00 411.50 418.80 180.20 199.30 201.40 1 Denotes a small sample size these estimates should be used with particular caution. 1. The figures provided are subject to statistical variability and should be used with caution.
2. All incomes quoted are rounded to the nearest lOp, at July 1994 prices. All average amounts are means except where otherwise stated. Components may not sum, due to rounding.
3. A pensioner unit is defined as a single person over state pension age or a couple where the man, defined as the head, is over SPA. A recently retired pensioner unit is defined as a pensioner unit where the head of the benefit unit is less than five years older than SPA.
4. Due to inadequate sample sizes, information cannot be given for recently retired pensioners by decile groups and recently retired pensioner couples for 1992 and 1994–95.
5. The family expenditure survey does not separately identify income from either personal pensions or state earnings-related pensions. Any personal pension details are recorded as investment income.
6. Quintiles have been constructed based on the equivalised before housing costs net income distribution. This is consistent with table 5 of "The Pensioners' Income Series 1994–95."
7. Comparisons of estimates from different years may not give reliable results. It is recommended that these estimates are used to indicate trends over time and that year on year comparisons should be avoided.
Recently retired pensioner couples average income breakdown by quintile, 1990–91 Income source Quintile 1 Quintile 2 Quintile 3 Quintile 4 Quintile 5 Total £ £ £ £ £ £ Investment income 6.00 14.20 23.20 50.40 171.40 53.00 Occupational pension 8.40 18.60 44.20 74.40 179.70 65.00 Gross income 112.30 147.60 198.90 276.20 563.30 259.50 Net income 97.80 132.60 175.90 237.20 450.80 218.70 Notes:
1. The figures provided are subject to statistical variability and should be used with caution.
2. All incomes quoted are rounded to the nearest lop, at July 1994 prices. All average amounts are means except where otherwise stated. Components may not sum, due to rounding.
3. A pensioner unit is defined as a single person over state pension age or a couple where the man, defined as the head, is over SPA. A recently retired pensioner unit is defined as a pensioner unit where the head of the benefit unit is less than five years older than SPA.
4. Due to inadequate sample sizes, information cannot be given for recently retired pensioners by decile groups and recently retired pensioner couples for 1992 and 1994–95.
5. The family expenditure survey does not separately identify income from either personal pensions or state earnings-related pensions. Any personal pension details are recorded as investment income.
6. Quintiles have been constructed based on the equivalised before housing costs net income distribution. This is consistent with table 5 of "The Pensioners' Income Series 1994–95."
7. Comparisons of estimates from different years may not give reliable results. It is recommended that these estimates are used to indicate trends over time and that year on year comparisons should be avoided.