Inhabitants in the south-east of England have the highest average income after reaching retirement, according to a study carried out by Clerical Medical.
The average income for households reliant on a pension in the south east is £346 per week, whereas income for those on pensions in the east midlands is less on average, at £268 per week.
Pensioners in the south-east also have the highest amount of income from private sources, accounting for 48 per cent of total weekly income according to the figures.
The study also shows that single men have a higher income from their personal pension plan, on average £84, which is almost twice as much as the £47 received by single women.
John Hiew, managing director of Clerical Medical financial services, commented:
"There is a marked difference in the income of pensioner households across Great Britain, with those in the south east an average of £78 per week better off than those in the east midlands."
"Income from private sources accounts for almost half the total weekly income for pensioner households, compared with just over a third 25 years ago," he added.
The Department for Work and Pensions is currently reviewing the pension system, amid fears that state pensions may be inadequate due to increased longevity of UK inhabitants.
Pension income higher in south-east, study shows
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Pension income higher in south-east, study shows
Wed, 24 May 2006
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