HMRC data reveals 'shocking disparities' in pension income

More complex than a north/south divide

clock • 2 min read

There are 'shocking disparities' in pension incomes including within the same region of the country, according to a Royal London analysis of HM Revenue & Customs (HMRC) data.

The statistics, published on 28 March, showed while the top ten boroughs for pension income in the UK were all in London, or the South East, the bottom ten boroughs also included three within the capital and the south east region.  It found that the mean annual income for London-based pensioners was £18,400. This was bolstered by areas such as the City of London where mean pension incomes were at £37,900 annually. In Westminster, the mean pension income was at £29,500, and £26,700 per year in Kensington and Chelsea. Meanwhile, pension incomes in Barking and Dagenham averaged just £...

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