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Pensioners' Incomes

Volume 175: debated on Wednesday 27 June 1990

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To ask the Secretary of State for Social Security if he will provide what information he has about the level of investment income for pensioners, according to the level of their weekly pension income.

The latest available information, from the 1987 family expenditure survey, is set out in the table.

Table1: Average investment income according to levels of weekly income from state pension and supplementary benefit2
RP and supplementary benefit £Average savings/investment income £
00·00 to 39·93313·45
40·00 to 59·9915·24
60·00 plus33·56
1 Source: Family expenditure survey.
2 It is not possible to identify the state retirement pension separately from supplementary benefit from the family expenditure survey.
3 Income bands selected to provide representative sample sizes.