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Pensioners (Incomes)

Volume 164: debated on Monday 8 January 1990

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16.

To ask the Secretary of State for Social Security what are the most recent figures he has for the increase in pensioners' incomes from savings since 1979.

17.

To ask the Secretary of State for Social Security what was the increase in pensioners' average net incomes for (a) 1974 to 1979 and (b) 1979 to date.

In the five years from 1974 to 1979, pensioners' average total net incomes rose by 3 per cent. In the seven years from 1979 to 1986, the latest date for which figures are available, they rose by 23 per cent.Income from savings is a significant factor in this improvement. Between 1979 and 1986 pensioners' average income from savings rose by 64 per cent., whereas in the previous five years it had fallen by 16 per cent.

20.

To ask the Secretary of State for Social Security what proportion of recently-retired pensioners he estimates has sources of income in addition to the basic state retirement pension.

The latest available figures show that in 1986, 70 per cent. of recently retired pensioners had an occupational pension and 85 per cent. had income from savings.