Pension Coverage 2022

Pension Coverage 2022

66% of workers aged 20-69 have pension coverage of some form (outside of State pension) of which:

73% occupational pension only

10% personal pension only

17% both

Employees who are part of their employer's pension scheme

6% Hybrid

32% Defined benefit

62% Defined contribution

82% of Professionals have pension cover compared to only 43% of Skilled trade workers

Main reaon why employees have no pension:

47% Never got to organise it/will do at future date

40% Can't afford it

Expected main source of income on retirement for workers with no pension

57% State pension

26% Not decided