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1135686
star this property registered interest false more like this
star this property date less than 2019-07-01more like thismore than 2019-07-01
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Personal Income: Pensioners more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is (1) the total number, and (2) the percentage, of pensioners who had an annual income above £50,000 in each of the last three years; and whether they have a gender breakdown for those data. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL16779 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-07-15more like thismore than 2019-07-15
star this property answer text <p>For this answer pensioners have been defined as those over State Pension Age (SPA). The definition used is consistent with average SPAs from HMRC’s published Income Tax Liabilities Statistics. The average female SPA for the purposes of this are 63.75 years in 2016-17 and 64.5 years in 2017-18 (the male SPA is 65 in both). The average male and female SPA in 2018-19 is 65.25.</p><p> </p><p>i)</p><p>Estimates of the number of pensioners who had tax liabilities at the 40% and 45% rates of income tax:</p><p> </p><p>Numbers: thousands</p><table><tbody><tr><td><p> </p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td><p>40%</p></td><td><p>537</p></td><td><p>514</p></td><td><p>508</p></td></tr><tr><td><p>45%</p></td><td><p>34</p></td><td><p>35</p></td><td><p>37</p></td></tr></tbody></table><p> </p><p>i)</p><p>Estimates of the number of pensioners who had an annual income above £50,000 as:</p><p>Numbers: thousands</p><table><tbody><tr><td><p> </p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td><p>Male</p></td><td><p>311</p></td><td><p>342</p></td><td><p>361</p></td></tr><tr><td><p>Female</p></td><td><p>107</p></td><td><p>110</p></td><td><p>113</p></td></tr><tr><td><p>Total</p></td><td><p>418</p></td><td><p>451</p></td><td><p>474</p></td></tr></tbody></table><p> </p><p>ii)</p><p>Of these pensioners with income above £50,000, the age ranges are:</p><p>Numbers: thousands</p><table><tbody><tr><td><p> </p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td><p>60-64</p></td><td><p>9</p></td><td><p>5</p></td><td><p> </p></td></tr><tr><td><p>65-69</p></td><td><p>170</p></td><td><p>171</p></td><td><p>170</p></td></tr><tr><td><p>70-74</p></td><td><p>108</p></td><td><p>131</p></td><td><p>145</p></td></tr><tr><td><p>75+</p></td><td><p>131</p></td><td><p>143</p></td><td><p>158</p></td></tr></tbody></table><p> </p><p>The number of 60-64 year old Pensioners reduces to zero by 2018-19 reflecting the increasing SPA for females over the time period shown.</p><p> </p><p>The figures for 2016-17 are based on the latest outturn data from the Survey of Personal Incomes (SPI), 2017-18 and 2018-19 are projections based on the 2016-17 SPI, which are projected using economic assumptions consistent with the Office for Budget Responsibility’s (OBR) March 2019 Economic and Fiscal Outlook.</p><p> </p><p>For comparison to the total population of pensioners, Office of National Statistics (ONS) estimates of the population of the UK give the number of individuals by age. The number of pensioners in the UK can also be estimated using the average state pension age in each tax year:</p><p> </p><p>12.3 million in 2016-17</p><p>12.2 million in 2017-18</p><p>12.0 million in 2018-19</p>
unstar this property answering member printed Lord Young of Cookham more like this
star this property grouped question UIN
HL16778 more like this
HL16863 more like this
star this property question first answered
less than 2019-07-15T16:39:10.613Zmore like thismore than 2019-07-15T16:39:10.613Z
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
star this property tabling member
4533
star this property label Biography information for Baroness Altmann more like this