Pensioner income from occupational schemes falls for first time since 2005

Across all pensioner households, occupational pensions provided, on average, a 27.8% of gross income in the last full tax year, compared to 29.9% the year before, the Department for Work and Pensions (DWP) said. In its 2017/18 publication of its Pensioners' Income Series, the department found a similar story was played out in terms of monetary value, reducing from £160 a week to £148, the first fall in average weekly income since 2005/06. Drops in income were also recorded when split between single pensioner households and pensioner couples, with single households facing the biggest c...