Occupational Pensions
(asked on 20th February 2018) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what proportion of overall pension contributions in the UK were paid by (a) the employer and (b) the employee in each of the last 15 years.
The Annual Survey of Hours and Earnings (ASHE) has collected information on workplace pension contributions since 2005. The following table provides estimates derived from ASHE, up to the latest year available, of the total annual workplace pension contributions made in Great Britain:
Year | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
All employees |
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Total saved (£ billions) | 88.5 | 78.7 | 80.5 | 82.4 | 80.5 | 82.3 | 79.2 | 78.9 | 79.8 | 82.8 | 85.9 | 89.7 |
Employee contributions | 23.6 | 20.1 | 20.3 | 21.5 | 20.8 | 21.5 | 20.5 | 21.2 | 23.1 | 25.0 | 26.0 | 27.0 |
Employer contributions | 58.1 | 52.6 | 54.0 | 54.6 | 53.8 | 54.6 | 52.3 | 51.0 | 49.0 | 49.7 | 51.3 | 53.8 |
Income tax relief | 6.9 | 6.0 | 6.2 | 6.3 | 6.0 | 6.3 | 6.3 | 6.6 | 7.6 | 8.2 | 8.6 | 8.9 |
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Proportion of total saved paid by: |
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Employee contributions | 27% | 26% | 25% | 26% | 26% | 26% | 26% | 27% | 29% | 30% | 30% | 30% |
Employer contributions | 66% | 67% | 67% | 66% | 67% | 66% | 66% | 65% | 61% | 60% | 60% | 60% |
Income tax relief | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 10% | 10% | 10% | 10% |
Source: DWP estimates derived from the ONS ASHE, GB, 2005 to 2016 |
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