Retired couples are wealthiest in the South East

Retired couples are wealthiest in the South East

Our latest research shows that retired couples in the South East are the best off in the UK with weekly incomes 17% higher than the average for the country as a whole.

Our analysis of latest Government data shows weekly gross incomes for pensioner couples in the South East at £727 are nearly a fifth higher than the £621 median for the UK. They are a third (33%) higher than in the North East where weekly gross incomes are £547

However, our analysis shows single pensioners in Wales are narrowly the best off compared with other single pensioners across the country. Their gross weekly incomes at £340 are slightly higher than the £338 in the South East and the £337 in the South West.

The data shows just over half (51%) of pensioner couples generate 50% or more of their income from private savings including pensions while just 28% of single pensioners generate more than half of their income from private savings.

That is starting to change, the data shows. Around 58% of pensioner couples who reached State Pension Age recently receive 50% or more of their income from private savings compared with 34% of single pensioners.

The analysis found 93% of pensioner couples have income from private savings compared with 80% of single pensioners.

iSIPP Managing Director Hrishi Kulkarni said: “The differences in retirement income around the country are huge with couples in the South East around a third better off than those in the North East.

“While that probably reflects differences in property wealth it doesn’t tell the whole story as couples in Scotland and the East of England could be marginally better off than those in London where house price rises have outstripped the rest of the country.

“The bigger picture is that private pension saving is on the rise with people recently reaching State Pension Age generating more of their income from their own savings. People need to maximise retirement income as much as they can, and consolidating pensions can make a major contribution.”

The table below shows the breakdown across the country and how much benefits including the State Pension contribute to gross incomes.


South East £727 41% £338 59%
Scotland £644 48% £321 63%
East of England £644 46% £322 61%
London £641 44% £330 58%
South West £628 49% £337 58%
East Midlands £606 50% £317 67%
Northern Ireland £599 51% £298 67%
North West £598 51% £315 65%
Wales £596 53% £340 58%
West Midlands £568 53% £304 64%
Yorkshire & The Humber £560 54% £295 68%
North East £547 57% £315 73%
UK MEDIAN £621 49% £320 63%


Here at iSIPP, we specialise in serving UK and international customers who want to consolidate their UK pensions into one place. Our easy sign-up process allows customers to combine all their existing pension pots with us. We also offer flexible regular and one-off contribution options. Our service is particularly well-suited to the self-employed, contractors, and those who have recently become self-employed, as they can consolidate all their pensions with us in one place.

Our digital pension consolidation service is available to all customers with UK pension funds who are working or have worked in the UK. There are no dealing charges or charges to transfer in existing pension funds. Built around flexibility, we provide access to over 100 funds under our ‘Create’ option allowing users to build their own portfolio. Our ‘Choice’ range include Ready-Made Portfolios from world-leading fund managers BlackRock and Schroders. BlackRock’s multi-asset, risk-managed MyMap range of funds are available which include an ESG fund and we also provide access to the Schroders’s Shariah compliant fund. Focusing on transparency, the annual trust fee is £200 plus a 0.25% platform services fee. Funds with OCF (Ongoing Charges Figure) start at as low as 0.17%.


You might also like: 

North East is the cheapest place to be a pensioner

Pensions make up less than two-fifths of income in retirement



The content of this article is for general information purposes only and should not be construed as legal, financial or taxation advice. You should not rely on the information contained in this article as legal, financial or taxation advice. The content of this article is based on information currently available to us, and the current laws in force in the UK. The content does not take account of individual circumstances and may not reflect recent changes in the law since the date it was created. It is essential that detailed financial and tax advice should be sought in both jurisdictions and any legal advice, if required.

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