Pensioner reliance on state benefits hits highest level in decades

In fact, the proportion of those relying solely on state benefits has increased by three percentage points, up from 14% in the 2017/18 tax year. Single pensioners are the most dependent on the state, with a quarter having no additional income to state benefits - the highest proportion ever recorded. Equiniti propositions and solutions director Chris Connelly said improving the awareness of retirement savings was the key to increasing the amount of income available to those entering retirement. "These figures underline how crucial it is that people continue to learn about the import...