Workplace Pensions
The question
To ask the Secretary of State for Work and Pensions, what the average pension paid for members of auto enrolled schemes is.
Answered by Emma Reynolds
The data requested for the average pension paid to members of automatic enrolment schemes is not available.
The department publishes the Pensioners’ Income Series. This provides estimates on the level and source of pensioners’ incomes, including income from occupational pensions (this is a wider definition than automatic enrolment schemes).
In the 2022/23 financial year, 62% of pensioner benefit units were in receipt of occupational pension income. Of the pensioner benefit units receiving this income, the median amount received was £210 per week and the mean amount received was £314 per week, with 6% of pensioner benefit units receiving £900 or more per week.
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