Pensions

(asked on 18th September 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what is the annual cost to the exchequer of expenditure on all pensioner benefits, including a breakdown of (1) basic state pension, (2) additional pensions, (3) new state pension, (4) pension credit, (5) housing benefit, (6) winter fuel payments, (7) Christmas bonus, (8) age addition, (9) deferred pensions, (10) free prescriptions, (11) free travel, (12) eye tests, and (13) dental care.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 2nd October 2023

The territorial extent, age requirements, and availability of latest data vary by policy area. Pensioner benefit spending is devolved to Northern Ireland, whereas transport and healthcare spending is devolved to Scotland, Wales and Northern Ireland. Noting these points, the UK Government spends around £150bn per year on pensioner benefits.

The forecast of 2023-24 expenditure on all pensioner benefits in Great Britain can be found in the table below. Deferred pension figures are captured in the basic State Pension, new State Pension, and Lump Sum Payment figures.

£ million

2023-24 Forecast

Basic State Pension

66,617

of which Lump Sum Payments

186

Additional Pensions

19,163

New State Pension

36,234

Pension Credit

5,437

Housing Benefit

5,938

Winter Fuel Payments

2,037

Christmas Bonus

128

Age Addition (Category D State Pension)

195

Attendance Allowance

6,686

Other

9,170

Total

151,604

Source: Spring 2023 Benefit Expenditure Outturn and Forecast Tables on GOV.UK

The latest available data on dental care for pensioners in England is from 2022-23 and can be found below. However, there is no published 2022-23 data on prescription or eye test expenditure as any information provided would be based on internal DHSC analysis and modelling, which could change.

£ million

2022-23

Free Dental Care

56

Source: NHS Dental Statistics: 2022-23

The latest available data on free travel for pensioners in England is from 2021-22 can be found below. This figure also includes spend on travel for individuals with disabilities.

£ million

2021-22

Free Travel

803

Source: Concessionary Travel data from the Bus Statistics data tables on GOV.UK.

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