Pension payouts £2.6bn more than contributions received in Q2 - ONS

Self-administered pensions reported net investment £4.7bn in Q2

Kim Kaveh
clock • 2 min read

Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), Office for National Statistics (ONS) data reveals.

The payments made comprised of pensions payable gross of income tax, lump sums payable on retirement and death benefits. According to the ONS's MQ5: Investment by insurance companies, pension funds and trusts April to June 2018 document unveiled today, in Q1 2018, £13.9bn of payments were made, and £12.7bn of contributions were received among the funds which were involved in the study. The MQ5 data looks at the investment choices of insurance companies, self-administered pension funds, investment trusts, unit trusts and property unit trusts that control £4trn of assets and engage in c...

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

HMRC updates on information sharing for IHT on pensions

HMRC updates on information sharing for IHT on pensions

Second technical note

Alex Levy
clock 01 September 2026 • 2 min read
Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read