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 £...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Government again rejects Waspi compensation after review

Government again rejects Waspi compensation after review

DWP: Creation of compensation scheme would be ‘highly impractical’ and ‘time-consuming’

Martin Richmond
clock 29 January 2026 • 3 min read
Pension transfers and the FCA: A well-meaning intervention that risks falling short

Pension transfers and the FCA: A well-meaning intervention that risks falling short

'The secret is giving people the right information at the right time'

Rachel Vahey
clock 28 January 2026 • 4 min read
State pension deferrals: 42,000 who postponed took benefit in 2023/24

State pension deferrals: 42,000 who postponed took benefit in 2023/24

FoI request from provider Royal London

Jenna Brown
clock 28 January 2026 • 3 min read