Quilter analysis shows State Pension makes up 57% of income for lower-income retirees aged 65-79

Bitget2026/09/29 10:16

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.

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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Quilter analysis shows State Pension makes up 57% of income for lower-income retirees aged 65-79

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