FOI REF: FOI/2023/4985
You asked
Based on data collected as part of the seventh round of the Wealth and Assets Survey (April 2018 to March 2020) please provide the following data points in excel format by email:
1. The number of GB 55-70 year olds whose main residence is a house flat or maisonette, who own their main residence (either own outright or are buying main residence with a mortgage/loan) segmented by gross annual income into the following brackets: less than £15,000, £15,000 - £30,000, £30,000 - £50,000, £50,000 - £100,000, and more than £100,000
For each income bracket, please provide:
The number of individuals that describe themselves as retired
For those that describe themselves as retired, in each income bracket, please provide:
The number that have an employer or occupational DB pension (salary-related scheme) in payment
2. The number of individuals that have an employer / occupational money-purchase scheme, a hybrid scheme, or have a pension that they don't know the type of and have taken an annuity (either from the pension provider or purchased via the open market) either using a lump sum or the fund itself.
3. The number of employed or semi-retired individuals (i.e., those that describe themselves as employed or self-employed or semi-retired/Retired from main job and still working)
For those employed / semi-retired please provide, for each income bracket:
The number of people with a salary-related employer / occupational pension scheme (segmented by their expected annual income from this scheme at retirement into the following brackets: less than £5,000, £5,000 - £9,999, £10,000 - £14,999, £15,000 - £19,999, £20,000 - £29,999, £30,000 - £39,999, £40,000 - £49,999, and £50,000 or more.
The number of people with a money-purchase scheme segmented by the current size of their pot into the following brackets: less than £100,000, £100,000 - £200,000, £200,000 - £300,000, £300,000 - £400,000, £400,000 - £500,000, and £500,000 or more.
The number of people with a hybrid scheme segmented by expected income from their salary related scheme at retirement into the following brackets:
Less than £5,000, £5,000 - £9,999, £10,000 - £14,999, £15,000 - £19,999, £20,000 - £29,999, £30,000 - £39,999, £40,000 - £49,999, and £50,000 or more and by the size of their money-purchase pot into the following brackets: less than £100,000, £100,000 - £200,000, £200,000 - £300,000, £300,000 - £400,000, £400,000 - £500,000, and £500,000 or more.
We said
Thank you for your request for estimates derived from the Wealth and Assets Survey (WAS).
The information you have requested is available to order via a user request to our Wealth and Assets Survey inbox. Such services are subject to legal frameworks, resources and agreement of costs. If you would like to request this bespoke dataset, please contact wealthandassetssurvey@ons.gov.uk to discuss your enquiry further. Please note, there will be a charge for this work which would be subject to our charging policy, and this work would need to be booked in when our team capacity allows. We would be happy to discuss this with you further via the address listed above.
As this information is reasonably accessible via another route, even if only accessible on payment, Section 21(2)(a) of the Freedom of Information Act 2000 (FOIA) applies.
We also provide WAS data under End User Licence (EUL) via the UK Data Service (UKDS) which can be accessed here: EUL WAS Data. We have reviewed your request alongside the data provided under EUL and we believe this analysis would be possible for the age grouping 55 to 69. This is because ages that are available on the EUL dataset are in 5-year groupings, while your request for data for those aged 55 to 70 spans 16 years. Please email wealthandassetssurvey@ons.gov.uk if you'd like further information on using the dataset (including guidance where estimates might be based on small sample sizes) and restrictions around commercial use.