Average pension pot and
income
comparison by
region
Average pension pot and income comparison by region
How does your region compare?
Industry experts, Pensions and Lifetime Savings Association (PLSA), suggest that to have a moderate standard of living in retirement, a couple needs an income of around £34,000 a year (£41,400 for those living inside London). Yet only about 39% of UK households are on track to achieve this.
Use the map below to discover how your region fares against this industry standard. Plus, find out your region’s average pension value, household income, expenditure and more.
Although everyone’s personal circumstances will be different, getting an idea of how your household's situation compares to others in your area can give you peace of mind. It can also give you an indication of whether you’re saving enough for your future.
This isn’t personal advice. If you’re not sure what’s right for you, seek advice. Money in a pension isn’t accessible until age 55 (rising to 57 in 2028). Sources: HL Savings and Resilience Barometer/Oxford Economics, unless quoted otherwise. The information is correct as at July 2023.
Select your region to find out more
Getting a clear understanding of your income and expenditure can help you make better decisions about how you manage your money and plan for the future.
Try this essential household budget calculator to work out your household outgoings and income. Once you have an idea of where your money goes, and anything you’ve got left over, you could consider saving or investing.
Select your region to find out more
Scotland
38.2% of households in Scotland are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s around 1% less than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
North East
40% of households in the North East are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s similar to the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
North West
40.4% of households in the Northwest are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s about 1% more than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
Yorkshire & the Humber
37.8% of households in Yorkshire and the Humber are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s around 1% less than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
East Midlands
34.2% of households in the East Midlands are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s around 5% less than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
West Midlands
36.6% of households in the West Midlands are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s around 3% less than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
Wales
39.3% of households in Wales are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s the same as the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
East of England
41.3% of households in the East of England are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s 2% more than the national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
London
34.8% of households in London are on track to have a moderate income in retirement. That’s about 4% less than the national average.
These figures are based on the wider UK moderate income level set by industry experts of £34,000 for a couple. If this was compared to the income level for Londoners (£41,400 a year for a couple), even fewer people would be on track.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
South East
47.4% of households in the South East are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s about 8% more than the national average and the highest percentage out of all regions.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.
South West
40.6% of households in the South West are on track to have a pension value which will allow them a moderate income in retirement (around £34,000 a year for a couple). That’s just over 1% more than the British national average.
To find out what your pension could pay in retirement, try our pension calculator.
If it doesn’t shape up, don’t worry. There could still be time to make a difference. After you enter your details and get your results, we also offer some top tips to boost your pension.