Savings

We use data on household incomes from the Family Resources Survey, together with OBR macroeconomic forecasts and announced changes in tax and benefit policy, to project household incomes up to 2021–22.

This paper exploits the gradual roll-out of the obligation for employers to enrol their employees into a pension to estimate its effect on how much is saved in workplace pensions for private sector employees.

This paper studies the first nationwide introduction of automatic enrolment, in which employers in the United Kingdom are obliged to enrol employees into a workplace pension scheme, which employees can then choose to leave if they wish.

More work is needed to distinguish precautionary saving motives from other motives, such as the desire to leave bequests. In this paper, progress toward disentangling these motivations has been made by matching other features of the data, such as public and private insurance choices.

We estimate the changing value of workplace pensions in the UK and incorporate their value into an estimate of the public sector pay differential.

The focus of this report is the distribution of household income in the UK. We assess the changes to average incomes, income inequality and poverty that occurred in the latest year of data (2014–15), and put these in historical context using comparable data spanning the last 50 years.

This report, funded by the Joseph Rowntree Foundation, is the fifteenth in an annual series published by the Institute for Fiscal Studies (IFS). It analyses the HBAI statistics and digs deeper to explore the driving forces behind key trends in living standards, inequality and poverty.

Official data on the distribution of household incomes in the UK are available only with a significant lag: the latest statistics are for 2013–14. In this report, we use modelling techniques to provide a more up-to-date picture and to assess how things are likely to evolve in the coming years.

This is a response by IFS researchers to the Work and Pensions Committee's intergenerational fairness inquiry.

In this report we describe the forms in which household wealth is held, we set out the effects of the current UK tax system on the incentive to save in different assets, we consider the implications of a number of reforms due to be introduced or currently under consideration, and we analyse the effect of two non-tax features – employer matching of pension contributions and fund charges – on the attractiveness of investing in different assets.