UK pension saving statistics

The number of people in the UK with a pension and the type they have.

UK adults with private pensions
74%
Source
UK adults with active private pensions (still contributing)
58%
Source
UK adults with private pensions in decumulation (taking money out)
22%
Source
Number of workplace pension savers
20.4 million
Source
Number of UK defined contribution pension savers
20.8 million
Source
Number of UK defined benefit pension savers
11.4 million
Source
Number of workers who are automatically enrolled in workplace schemes
10.8 million
Source
Employees who are in a defined benefit pension scheme
28%
Source
Employees who are in a defined contribution pension scheme
51%
Source
Pension participation in the private sector in 2021
86% (up from 41% in 2012)
Source
Self-employed savers paying into a workplace or personal pension
18%
Source
Eligible employees participating in a workplace pension
88%
Source
Value of individual contributions made to personal pensions in 2020/21, up from £10.6 billion in 2019/20
£11.9 billion
Source
Value of individual contributions made by self-employed people in 2020/21, up from £1.7 billion in 2019/20
£2.3 billion
Source
Proportion of private pension wealth in pensions
42%
Source
Total amount in 'lost' pensions
£26.6 billion
Source
Number of times the average adult is estimated to change jobs in a working lifetime
11
Source

Savings amounts across various age groups

Median pension pot value of  25 to 34 year olds with a private pension
£9,500
Source
Median pension pot value of 35 to 44 year olds with a private pension
£30,600
Source
Median pension pot value of  45 to 54 year olds with a private pension
£81,200
Source
Median pension pot value of 55 to 64 year olds with a private pensiond
£189,700
Source
Official UK gender pension gap
35%
Source
Median pension wealth for women by their 60s
£51,100
Source
Median pension wealth for men by their 60s
£156,500
Source
Official UK gender pension gap
35%
Source

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