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<p>National Statistics on the number of pensioners with low income are published annually
in the “Households Below Average Income” publication and the latest available estimates
are for 2020/21.</p><p> </p><p>The overall trend in the number of pensioners living
in low income shows a fall over recent decades.</p><p>(1) In 2020/21, there were 1.9
million pensioners in relative low income, before housing costs. This is a fall of
200 thousand since 2009/10. In 2020/21, there were 1.7 million pensioners in relative
low income, after housing costs. This is a fall of 100 thousand since 2009/10.</p><p>(2)
In 2020/21, there were 1.5 million pensioners in absolute low income, before housing
costs. This is a fall of 400 thousand since 2009/10. In 2020/21, there were 1.2 million
pensioners in absolute low income, after housing costs. This is a fall of 400 thousand
since 2009/10.</p><p>The Government is committed to action that helps to alleviate
levels of pensioner poverty.</p><p> </p><p>In 2022/23, we will spend £134 billion
on benefits for pensioners in GB, 5.4% of GDP. This includes £110 billion spending
on the State Pension in 2022/23. Subject to Parliamentary approval in April 2023 the
State Pension and the Pension Credit standard minimum guarantee will increase by 10.1%.</p><p>
</p><p>In addition, to reduce the risk of poverty for future pensioners, automatic
enrolment into workplace pensions has transformed pension participation for millions
of workers. To date, over 10.8 million people have been automatically enrolled into
a workplace pension, with over 2.1 million employers complying with their duties.</p>
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