 Facts and figures about UK taxes, benefits and public spending.
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Analysing government fiscal forecasts and tax and spending.
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A third of those approaching retirement report finding it impossible even to hazard a guess as to how much income they will receive from their private pensions. This is true of nearly 40% of those with defined contribution (DC) pensions. Despite the fact that annuity rates vary widely, over the last decade over 70% of people with non-employer DC pension funds simply purchased an annuity from the provider with whom they held their pension. Purchasing externally has, however, been more common among those who might have had most to gain - including those who held more of their wealth in DC pensions. These are among the main findings of a new report published today by researchers at the Institute for Fiscal Studies. This report has been supported by the National Association of Pension Funds, with co-funding from the Economic and Social Research Council. Search |
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Recent IFS Press Releases
Workers kept their jobs but one third faced nominal wage freezes or cuts
Analysis publsihed today provides new insight into the UK's so-called "productivity puzzle".
Better-off hit hardest by recession initially; poor feeling the squeeze now
Income losses resulting from the recession will be spread quite evenly across income groups suggests new research.
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