Quilter analysis shows State Pension makes up 57% of income for lower-income retirees aged 65-79
Bitget2026/09/29 10:16- Quilter Retirement Lifestyle Report analysis found the UK State Pension accounts for 24% of income across all retirees.
- Among 65-79 retirees with retirement income of GBP 25,000 or less, the State Pension provides 57% of income.
- For over-80s with below-average retirement incomes, State Pension reliance is 54%, underscoring exposure to any triple lock reform.
- Latest earnings data point to a 3.9% uplift, taking the full new State Pension above GBP 13,000 a year.
- Institute for Fiscal Studies estimates the triple lock could add up to GBP 45 billion a year to the welfare bill by 2050.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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