Ooops! The ONS multiplied average weekly private pension incomes by 12 and not by 52 to arrive at annual average, previously stated as an average of £2,115 per annum for a couple.
So, they didn't think to check the PPI's 'Pension Facts', which says that median weekly private pensions for a couple were £172 a week, back in 2005-06?
Tee hee. Having said that, neither did I. My bad.
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4 comments:
So what does that mean for the proportion that lost out by investing privately due to means-testing?
That knocks down the proportion who might as well not have bothered building up savings or private pension to about 20% or 25%. Still far too many. The 'right' figure should be 0%, no more and no fewer.
52.18 if you count a year as 365.25 days (to include lea years).
But the years that end in '00 aren't leap years unless they are divisible by 400, therefore.....
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