SAVERS could get a boost of up to £29,000 in their pension pots by retirement thanks to Government reforms, new figures ...

According to data from PensionBee, the average UK pension pot was worth £20,077 as of May 2024. ... This compares to an average retirement income of £8,500 for the wider population.

Average pensioner incomes were £407 per week in 2023-24, down from £410 the previous year and the lowest level since 2019-20. Couples had an average weekly income of £595, while the figure for single ...

If pension contributions were upped to 12%, the average £35,000 earner would have £691,977 in their pension pot by retirement - still a shortfall of hundreds of thousands of pounds.

Using its Guided Outcomes (GO)™ tool, the firm assessed how likely different savers are to meet the Pensions and Lifetime ...

The UK’s pension system faces “serious and growing challenges” that demand urgent and sweeping reform, according to the final ...

Nearly 9 million people in the UK will enter retirement with between just £3,650 and £6,750 a year in income from a private pension, according to a new report, leaving many struggling to pay ...

The UK Government has confirmed that an estimated 8.51 million people of State Pension age paid income tax in the 2024/25 financial year and as the Personal Allowance will remain frozen at £ ...