Pensions - Articles - Saving for retirement, 2013 edition

 In 2008/10, pension saving contributed 79% towards the total aggregate saving of households that were headed by someone who was aged between 50 and 64 (Figure 10.4).

 When looking at the 50 to 64 age group by saving deciles, it can be seen that those in the top decile (who have the most saving) have around eight times as much as the bottom five deciles combined (who have the least saving) - Figure 10.5.

 In 2008/10, median Defined Benefit pension saving, for those households with such saving, was £177,900. In contrast, those within Defined Contribution schemes had median pension saving of £29,000 (Figure 10.6).

 For both men and women aged between 16 and 64, and who were defined as having a saving orientation, the safest perceived way to save for retirement was through an employer's pension scheme (Figure 10.12).

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