Main Survey

retirementplanning_w9

Retirement Planning module

Questions 20

retirementplanning_w9.retchkRetired check

Type
choice
Text
Do you consider yourself to be currently retired, even if you do some paid work or have some other main activity?
OptionLabel
1Yes, considers is retired
2No, considers is not retired
Universe
if GRIDVARIABLES.PENSIONER = 1 & DEMOGRAPHICS.PDVAge < 71 & DEMOGRAPHICS.JBSTAT <> 4 (Of pensionable age and less than 71 years old and current economic status is not retired)

retirementplanning_w9.ageretAge expected to retire

Type
number
Interviewer Instruction
IF CONSIDERS IS RETIRED NOW, ENTER CURRENT AGE ENTER AGE
Text
There is a lot of policy interest in how people are planning for their long term future and retirement. At what age do you expect you will retire or will consider yourself to be retired?
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro1Benefits retirement: being own boss

Type
choice
Text
I'm going to read out a list of things that some people say are good about retirement. For each one tell me if, for you, they would be very important, moderately important, somewhat important, or not important at all. Thinking about retirement, how important is... Being your own boss.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro2Benefits retirement: taking things easy

Type
choice
Text
Being able to take it easy.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro3Benefits retirement: chance to travel

Type
choice
Text
Having the chance to travel.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro4Benefits retirement: time for family/friends

Type
choice
Text
Having more time for family and friends.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro5Benefits retirement: time for leisure activities

Type
choice
Text
Having more time for leisure activities.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtpro6Benefits retirement: time for voluntary work

Type
choice
Text
Having time to take part in community/voluntary work.
OptionLabel
1Very important
2Moderately important
3Somewhat important
4Not important at all
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtcon1Disadvantages retirement: unproductive

Type
choice
Text
Now for things that some people say are bad about retirement. For each one tell me if, for you, they would worry you a lot, somewhat, a little or not at all. Not doing anything productive or useful.
OptionLabel
1A lot
2Somewhat
3A little
4Not at all
5Didn't work/N/A
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtcon2Disadvantages retirement: illness/disability

Type
choice
Text
Illness or disability.
OptionLabel
1A lot
2Somewhat
3A little
4Not at all
5Didn't work/N/A
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtcon3Disadvantages retirement: lack of income

Type
choice
Text
Not having enough income to get by.
OptionLabel
1A lot
2Somewhat
3A little
4Not at all
5Didn't work/N/A
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtcon4Disadvantages retirement: lonely/isolated

Type
choice
Text
Feeling lonely or isolated.
OptionLabel
1A lot
2Somewhat
3A little
4Not at all
5Didn't work/N/A
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.penmexHave employers pension scheme

Type
choice
Text
Do you currently expect to receive any income or benefit from an employers occupational pension scheme when you retire?
OptionLabel
1Yes
2No
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.pppexHave private pension scheme

Type
choice
Interviewer Instruction
INCLUDE STAKEHOLDER PENSIONS
Text
Do you currently expect to receive any income or benefit from a private pension scheme when you retire?
OptionLabel
1Yes
2No
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.pppexmAny other retirement income

Type
choice
Text
(Apart from the pensions already mentioned) Do you currently expect to receive any income or benefit from (other) savings and investments when you retire?
OptionLabel
1Yes
2No
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.sppenBenefit from spouse's pension scheme

Type
choice
Text
Does your husband/wife/partner belong to any pension scheme, either an occupational or private scheme under which you would receive benefits if you outlive them?
OptionLabel
1Yes
2No
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)
and if HHGRID.LiveSp = 1 | HHGRID.LiveWith = 1 (Living with husband/wife/partner or currently cohabiting)

retirementplanning_w9.rtexpjbExpects to have pd employment during retirement

Type
choice
Text
How likely is it that you will do any paid employment, either full or part-time, after you retire or reach the compulsory age of retirement in your current job?
OptionLabel
1Very likely
2Likely
3Unlikely
4Very unlikely
5Depends on finances
Universe
if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

retirementplanning_w9.rtfndSource of retirement income

Type
multichoice
Interviewer Instruction
CODE ALL THAT APPLY
Text
Which of these things do you expect to use to provide for your retirement?
  • rtfnd1 (State retirement (Old Age) pension, including State Second Pension (SERPS)) i_rtfnd1~i_indresp~State retirement (Old Age) pension, including State Second Pension (SERPS)
  • rtfnd2 (Savings or investments) i_rtfnd2~i_indresp~Savings or investments
  • rtfnd3 (Releasing equity in your home by moving to a less expensive one) i_rtfnd3~i_indresp~Releasing equity in your home by moving to a less expensive one
  • rtfnd4 (Renting out a property (other than your main home)) i_rtfnd4~i_indresp~Renting out a property (other than your main home)
  • rtfnd5 (Sale of another property (other than your main home)) i_rtfnd5~i_indresp~Sale of another property (other than your main home)
  • rtfnd6 (Inheritance in the future) i_rtfnd6~i_indresp~Inheritance in the future
  • rtfnd7 (Financial support from your partner or family) i_rtfnd7~i_indresp~Financial support from your partner or family
  • rtfnd8 (Earnings from part-time/freelance work) i_rtfnd8~i_indresp~Earnings from part-time/freelance work
  • rtfnd9 (Occupational or personal pension from scheme not yet started) i_rtfnd9~i_indresp~Occupational or personal pension from scheme not yet started
  • rtfnd10 (Something else) i_rtfnd10~i_indresp~Something else
  • rtfnd96 (None of the above) i_rtfnd96~i_indresp~None of the above
  • OptionLabelAssociated Variables
    1State retirement (Old Age) pension, including State Second Pension (SERPS)
    2Savings or investments
    3Releasing equity in your home by moving to a less expensive one
    4Renting out a property (other than your main home)
    5Sale of another property (other than your main home)
    6Inheritance in the future
    7Financial support from your partner or family
    8Earnings from part-time/freelance work
    9Occupational or personal pension from scheme not yet started
    10Something else
    96None of the above
    Universe
    if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

    retirementplanning_w9.retamtExpected ratio of post to pre-retirement income

    Type
    choice
    Text
    What do you expect your retirement income to be compared with your pre-retirement income?
    OptionLabel
    1Less than a quarter
    2About a quarter
    3About a third
    4About a half
    5About two thirds
    6About three quarters
    7About the same as before retiring
    8Have not thought about it
    Universe
    if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)

    retirementplanning_w9.retsufAdequacy expected retirement income

    Type
    choice
    Interviewer Instruction
    READ OUT EACH AND CODE ONE ONLY
    Text
    Looking to the future, do you expect your income during retirement to be...
    OptionLabel
    1More than enough to meet your needs
    2Just about enough to meet your needs
    3Less than enough to meet your needs
    Universe
    if ((DEMOGRAPHICS.PDVAge = 45|50|55|60|65) & DEMOGRAPHICS.JBSTAT <> 4) OR (RetChk = 2) (If aged 45, 50, 55, 60 or 65 and not retired OR of pensionable age and less than 71 years old and does not consider self retired)