Qualified advisers answering your
Financial Questions
call 0800 092 1245

The pension gravy train continues in the public sector

Information gleaned from official government statistics has further confirmed the growing gap between private sector and public sector pension funds. It shows that over one third of senior civil servants in Britain have a pension pot of more than £1 million waiting for them on retirement. The figures include four "mandarins" within the Scottish government in Edinburgh who can expect a pension in excess of £50,000 a year after building up a pension pot of £1.35 million each.

Across the board it seems as though Whitehall chiefs are still enjoying the pension gravy train with a total pension fund of over £130 million shared between just under 190 top-level civil servants. This equates to an average pension pot of over £700,000 each!

There is no doubt that the final salary pension scheme is dying a death in the private sector but very much alive and kicking in the public sector where taxpayers are expected to pick up any deficits. The difference between the public and the private sector has never been larger than today and is set to expand even further in the short to medium term. Taxpayers are now becoming more and more annoyed at the fact they are struggling to pay their own everyday living expenses, let alone plan for their futures, while bailing out top civil servants in the UK.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details