2025年退休生活方式报告

RetirementLifestyleReport 2025 August 2025 Contents Foreword...........................................................3Executive Summary.........................................4 Chapter 1:Introduction and Retirement Personas.....6 Chapter 2:The Retirement Spending Index................14 Chapter 3:Retirement income........................................18 Chapter 4:Living standards.............................................26 Chapter 5:Future plans....................................................30 Chapter 6: Conclusion and recommendations...........36 Foreword by Steven Levin,Chief Executive Officer,Quilter plc Retirement planning is difficult. But the report covers more than just spending. It also providesan in-depth picture of income for retirees across the UK. Wesurveyed the retired population to understand their levels andsources of income, how it has changed and why. In a world where the burden of saving for retirement isplaced squarely on individuals, people face a myriad ofchallenging questions: We also asked questions to uncover retirees’ satisfactionlevels with their retirement income. They told us how theyfeel about their financial situation, how they feel abouttheir prospects, and much more. In the face of profoundchanges to retirement and inheritance tax policy, we askedhow retirees feel about the Government’s actions, and whataction they are considering in response. How much money do I need in order to enjoy myretirement, based on my current lifestyle?How important will my State Pension be as part of mymonthly or annual income?At what age should I be looking to retire?How will the incoming inheritance tax changes impact thelegacy I wish to leave for my family? To bring these findings to life, we created six retireepersonas, based on income and age, derived fromeconometric analysis of the survey data. These personasoffer a nuanced picture of spending habits and financialconcerns across different groups of UK retirees. We strive to create brighter financial futures for everygeneration. Retirement planning is a crucial part of this,regardless of your age, but we need powerful data-ledinsights to help provide the best possible advice we can. We are excited by the depth of insight this long-termresearch project provides. Even in its first iteration, keythemes emerge: There is abundant data on retirement adequacy, savings,and single issues impacting pensioners like changes toinheritance tax and energy costs. Government bodies andcorporate organisations have all produced research onretirement, but there is no comprehensive, layered studyon how retirement income and spending differs acrossdifferent cohorts, nor how these groups differ in theirpriorities, concerns and financial plans. With geopolitical shifts reshaping global economies,retiring without the security of a defined benefit pensionpresents growing risks.Contrary to stereotypes, many Baby Boomers rely heavilyon the State Pension to meet basic financial needs.Ongoing changes in pension tax treatment are disruptingeven well-laid retirement plans.Despite clear benefits, too few retirees seek financialadvice to navigate these challenges effectively. We want to address this blind spot. Our aim is to provideour customers, the industry, policymakers and otherstakeholders with an accurate annual picture of howretirees are deploying their savings, what they spend theirmoney on, and how content or concerned they are aboutmaintaining their quality of life in the years ahead. Our research highlights these realities. Over time, we willtrack how macroeconomic and microeconomic eventsaffect retiree income and spending, helping us build a moredetailed picture of retirees’ financial challenges. This is justthe beginning of our journey to better understand andsupport those planning for or living in retirement. This is why we have created the Quilter RetirementLifestyle Report. It tracks monthly and annualised retireeincome and spending across various categories. Based ona survey of 5,000 UK retirees, the research breaks downspending by age, gender, region, relationship status andincome, providing both an average retiree income and agranular view of annual expenditures. We are delighted to publish our inauguralRetirement Lifestyle Report, and hopeyou find it insightful. To create a robust spending index, we collaborated withthe Centre for Economic and Business Research (Cebr),who developed a methodology that we can run and trackannually. This will provide year-on-year spending data,allowing us to identify trends in retiree spending behaviourand income levels over time. Steven Levin, Chief Executive Officer ExecutiveSummary Getting to grips with UK retirees Quilter’s first Retirement Lifestyle Report sets out to fill a gapin UK retirement research: a single piece of research thatbrings together spending, income and sentiment data amongthe UK’s retired population. The study, run with Censuswideand the Centre for Economics a