In the third quarter of 2023, the highest level of contributions made to UK pension funds came from the defined contributions (DC) scheme of the private sector. The lowest level of contributions came from the public DBH scheme, roughly 3.4 billion British pounds in 2023.
Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type
(in million GBP)
Defined benefit plans are protected, within certain limitations, by federal insurance provided through the Pension Benefit Guaranty Corporation (PBGC). This is different from a defined contribution plan which does not promise a specific amount of benefits at retirement. A hybrid pension scheme is one which is neither a fully defined benefit (DB) scheme or a fully defined contribution (DC).Defined benefit and hybrid (DBH) is the combination of both.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (March 21, 2024). Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type (in million GBP) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/
Office for National Statistics (UK). "Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type (in million GBP)." Chart. March 21, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/
Office for National Statistics (UK). (2024). Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type (in million GBP). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/
Office for National Statistics (UK). "Total Contributions Made to Pension Funds in The United Kingdom (Uk) from Q3 2019 to Q3 2023, by Scheme Type (in Million Gbp)." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/
Office for National Statistics (UK), Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type (in million GBP) Statista, https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/ (last visited December 30, 2024)
Total contributions made to pension funds in the United Kingdom (UK) from Q3 2019 to Q3 2023, by scheme type (in million GBP) [Graph], Office for National Statistics (UK), March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1403569/total-contributions-made-to-pension-funds-in-the-uk-by-scheme-type/
