Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if she will make an estimate of the median income for pensioners in the 2024-25 financial year.

The Pensioners’ Incomes statistics contains estimates of the levels, sources and distribution of pensioners’ incomes. This is published by the department annually. The latest data covers financial year ending 2023.

In financial year ending 2023, it is estimated that the median net income for all pensioner units was £424 per week before housing costs, and £387 per week after housing costs. This information is available in Table 2.1 of the Pensioners' Incomes: financial years ending 1995 to 2023 tables, which can be found here: Pensioners' Incomes: financial years ending 1995 to 2023 - GOV.UK

Pensioners’ Incomes data is derived from the Family Resources Survey and covers private households in the United Kingdom. A pensioner unit can be a single pensioner over State Pension age, a pensioner couple where one member is over State Pension age, or a pensioner couple where both members are over State Pension age.