General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Undecided 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

Personal pension

Earnings and other

income

Other investments

£296

£610

£424

£202

2011

1994

2011

1994

Single pensioners

Pensioner couples

 

Gross income

per week at

2010-2011

prices

Average pensioner income

Occupational

pension

Benefit (incl. state

pension)

Where do pensioners get their money?

Women

Men

Couples

Household

goods and

services

£862

Transport

 

£1,240

 

Personal

care

£897

What pensioners spend their money

on each year

Total

£11,200

Health

£212

Food and

non- alcoholic

drinks

£1,568

Clothing and

footwear

£390

Alcohol

and tobacco

£291

Connection

 

£352

Restaurants

and hotel

£810

Bills

 

£1,303

Recreation

and culture

Housing and

utilities

£1,680

A regular

annual income

of similar

amounts

23%

Take it as

one lump

sum

31%

Take several

smaller

lump sums

46%

What 55+ savers plan to do with their

retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds

under new pension freedoms

£

£27,000

Average amount savers

plan to withdraw in a

lump sum from their

retirement fund in

2015/16

5%

43%

less than

£2,000

37%

15%

over

£10,000

£5,000-

£10,000

£2,000-

£5,000

And how much do they plan to splash

out on a holiday

General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Undecided 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

£296

£610

£424

£202

2011

1994

2011

1994

Single pensioners

Pensioner couples

 

Gross income per

week at 2010-2011

prices

Average pensioner income

Personal pension

Earnings and other income

Other investments

Occupational pension

Benefit (incl. state pension)

Where do pensioners get their money?

Women

Men

Couples

Household

goods and

services

£862

Transport

 

£1,240

 

Personal care

 

£897

What pensioners spend their money on each year

Total

£11,200

Health

£212

Food and non-

alcoholic

drinks

£1,568

Clothing and

footwear

£390

Alcohol

and

tobacco

£291

Connection

 

£352

Restaurants

and hotel

£810

Bills

 

£1,303

Recreation

and

culture

£1,595

Housing and

utilities

£1,680

A regular annual

income of similar

amounts

23%

Take it as

one lump

sum

31%

Take several

smaller

lump sums

46%

What 55+ savers plan to do with their retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds

under new pension freedoms

£

£27,000

Average amount savers plan to

withdraw in a lump sum from

their retirement fund in 2015/16

5%

43%

less than

£2,000

37%

15%

over

£10,000

£5,000-

£10,000

£2,000-

£5,000

And how much do they plan to splash out on a holiday

General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Undecided 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

£296

£610

£424

£202

2011

1994

2011

1994

Single pensioners

Pensioner couples

 

Gross income

per week at

2010-2011

prices

Average pensioner income

Personal pension

Earnings and other income

Other investments

Occupational pension

Benefit (incl. state pension)

Where do pensioners get

their money?

Women

Men

Couples

Household

goods and

services

£862

Transport

 

£1,240

 

Personal care

 

£897

What pensioners spend their money on each year

Total

£11,200

Health

 

£212

Food and

non-alcoholic

drinks

£1,568

Clothing

and

footwear

£390

Alcohol and

tobacco

£291

Connections

 

£352

Restaurants

and hotel

 

£810

Bills

£1,303

Recreation

and culture

£1,595

Housing and

utilities

£1,680

A regular annual income

of similar amounts

23%

Take it as one

lump sum

31%

Take several

smaller lump sums

46%

What 55+ savers plan to do with their retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds

under new pension freedoms

£

£27,000

Average amount savers plan to withdraw

in a lump sum from their retirement fund in

2015/16

5%

43%

less than

£2,000

37%

15%

over

£10,000

£5,000-

£10,000

£2,000-

£5,000

And how much do they plan to splash out on a holiday

General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Undecided 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

£

£

£27,000

Average amount savers plan to withdraw in a lump sum from their retirement fund in 2015/16

£296

£610

£424

£202

2011

1994

2011

1994

Single pensioners

Pensioner couples

 

Gross income

per week at

2010-2011

prices

Average pensioner income

Personal pension

Earnings and other income

Other investments

Occupational pension

Benefit (incl. state pension)

Where do pensioners get their money?

Women

Men

Couples

What pensioners spend their money on each year

Household

goods and

services

£862

Transport

 

£1,240

 

Personal care

 

£897

Total

£11,200

Health

 

£212

Food and non-

alcoholic drinks

£1,568

Clothing and

footwear

£390

Alcohol and

tobacco

£291

Communication

 

£352

Restaurants

and hotel

£810

Bills

 

£1,303

Recreation

and culture

£1,595

Housing and

utilities

£1,680

A regular annual income

of similar amounts

23%

Take it as one lump sum

 

31%

Take several smaller

lump sums

46%

What 55+ savers plan to do with their retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds under new pension freedoms

5%

43%

less than

£2,000

37%

15%

over

£10,000

£5,000-

£10,000

£2,000-

£5,000

And how much do they plan to splash out on a holiday

General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Undecided 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

Gross income per week

at 2010-2011 prices

Other investments

Occupational pension

Personal pension

Earnings and other income

Benefit (incl. state pension)

£

£27,000

Average amount savers plan to withdraws

in a lump sum from their retirement fund in 2015/16

£296

£610

£424

£202

2011

1994

2011

1994

Single

pensioners

Pensioner

couples

 

Average pensioner income

What pensioners spend their money on each year

Household

goods and

services

£862

Transport

 

£1,240

 

Personal

care

£897

Total

£11,200

Health

 

£212

Food and non-

alcoholic drinks

£1,568

Clothing and

footwear

£390

Alcohol and

tobacco

£291

Communication

 

£352

Restaurants

and hotel

£810

Bills

 

£1,303

Recreation

and culture

£1,595

Housing and

utilities

£1,680

Where do pensioners get their money?

Women

Men

Couples

A regular annual income

of similar amounts

23%

Take it as one lump sum

 

31%

Take several smaller

lump sums

46%

What 55+ savers plan to do with their retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds under new pension freedoms

5%

43%

less than

£2,000

37%

15%

over

£10,000

£5,000-

£10,000

£2,000-

£5,000

And how much do they plan to splash out on a holiday

Gross income per week at

2010-2011 prices

General living expenses 29%

Re-invest in ISA’s 23%

Holiday 19%

Home improvements 18%

Pay off mortgage 14%

Give to family/children 10%

New car 10%

Buy to let property 7%

Undecided 18%

£

£27,000

Average amount savers plan to withdraw in a lump sum from their retirement fund in 2015/16

£296

£610

£424

£202

2011

1994

2011

1994

Single

pensioners

Pensioner

couples

 

 

Average pensioner income

What pensioners spend their money on each year

Household goods

and services

£862

Transport

 

£1,240

 

Personal care

 

£897

Total

£11,200

Health

 

£212

Food and non-

alcoholic drinks

£1,568

Clothing and

footwear

£390

Alcohol and

tobacco

£291

Communication

 

£352

Restaurants

and hotel

£810

Bills

 

£1,303

Recreation and

culture

£1,595

Housing and utilities

£1,680

Other investments

Occupational pension

Personal pension

Earnings and other income

Benefit (incl. state pension)

Where do pensioners get their money?

Women

Men

Couples

A regular annual income of

similar amounts

23%

Take it as one lump sum

 

31%

Take several smaller

lump sums

46%

What 55+ savers plan to do with their retirement funds

Respondents could choose more than one

Holiday home 4%

Spending intentions of 55 to 75-year-olds under new pension freedoms

5%

43%

less than £2,000

37%

15%

over £10,000

£5,000- £10,000

£2,000- £5,000

And how much do they plan to splash out on a holiday