Questionnaire Module Main Survey
retirementplanning_w11
Retirement Planning module
Questions 20
retirementplanning_w11.retchk
Retired check
Type: choice
Source: UKHLS
Text: Do you consider yourself to be currently retired, even if you do some paid work or have some other main activity?
| Option | Label |
|---|---|
| 1 | Yes, considers is retired |
| 2 | No, 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)
- k_retchk (k_indresp) Retired check
retirementplanning_w11.ageret
Age expected to retire
Type: number
Source: BHPS adapted
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)
- k_ageret (k_indresp) Age expected to retire
retirementplanning_w11.rtpro1
Benefits retirement: being own boss
Type: choice
Source: BHPS
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.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro1 (k_indresp) Benefits retirement: being own boss
retirementplanning_w11.rtpro2
Benefits retirement: taking things easy
Type: choice
Source: BHPS
Text: Being able to take it easy.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro2 (k_indresp) Benefits retirement: taking things easy
retirementplanning_w11.rtpro3
Benefits retirement: chance to travel
Type: choice
Source: BHPS
Text: Having the chance to travel.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro3 (k_indresp) Benefits retirement: chance to travel
retirementplanning_w11.rtpro4
Benefits retirement: time for family/friends
Type: choice
Source: BHPS
Text: Having more time for family and friends.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro4 (k_indresp) Benefits retirement: time for family/friends
retirementplanning_w11.rtpro5
Benefits retirement: time for leisure activities
Type: choice
Source: BHPS
Text: Having more time for leisure activities.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro5 (k_indresp) Benefits retirement: time for leisure activities
retirementplanning_w11.rtpro6
Benefits retirement: time for voluntary work
Type: choice
Source: BHPS
Text: Having time to take part in community/voluntary work.
| Option | Label |
|---|---|
| 1 | Very important |
| 2 | Moderately important |
| 3 | Somewhat important |
| 4 | Not 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)
- k_rtpro6 (k_indresp) Benefits retirement: time for voluntary work
retirementplanning_w11.rtcon1
Disadvantages retirement: unproductive
Type: choice
Source: BHPS
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.
| Option | Label |
|---|---|
| 1 | A lot |
| 2 | Somewhat |
| 3 | A little |
| 4 | Not at all |
| 5 | Didn'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)
- k_rtcon1 (k_indresp) Disadvantages retirement: unproductive
retirementplanning_w11.rtcon2
Disadvantages retirement: illness/disability
Type: choice
Source: BHPS
Text: Illness or disability.
| Option | Label |
|---|---|
| 1 | A lot |
| 2 | Somewhat |
| 3 | A little |
| 4 | Not at all |
| 5 | Didn'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)
- k_rtcon2 (k_indresp) Disadvantages retirement: illness/disability
retirementplanning_w11.rtcon3
Disadvantages retirement: lack of income
Type: choice
Source: BHPS
Text: Not having enough income to get by.
| Option | Label |
|---|---|
| 1 | A lot |
| 2 | Somewhat |
| 3 | A little |
| 4 | Not at all |
| 5 | Didn'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)
- k_rtcon3 (k_indresp) Disadvantages retirement: lack of income
retirementplanning_w11.rtcon4
Disadvantages retirement: lonely/isolated
Type: choice
Source: BHPS
Text: Feeling lonely or isolated.
| Option | Label |
|---|---|
| 1 | A lot |
| 2 | Somewhat |
| 3 | A little |
| 4 | Not at all |
| 5 | Didn'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)
- k_rtcon4 (k_indresp) Disadvantages retirement: lonely/isolated
retirementplanning_w11.penmex
Have employers pension scheme
Type: choice
Source: BHPS
Text: Do you currently expect to receive any income or benefit from an employers occupational pension scheme when you retire?
| Option | Label |
|---|---|
| 1 | Yes |
| 2 | No |
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)
- k_penmex (k_indresp) Have employers pension scheme
retirementplanning_w11.pppex
Have private pension scheme
Type: choice
Source: BHPS
Interviewer Instruction: INCLUDE STAKEHOLDER PENSIONS
Text: Do you currently expect to receive any income or benefit from a private pension scheme when you retire?
| Option | Label |
|---|---|
| 1 | Yes |
| 2 | No |
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)
- k_pppex (k_indresp) Have private pension scheme
retirementplanning_w11.pppexm
Any other retirement income
Type: choice
Source: BHPS
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?
| Option | Label |
|---|---|
| 1 | Yes |
| 2 | No |
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)
- k_pppexm (k_indresp) Any other retirement income
retirementplanning_w11.sppen
Benefit from spouse's pension scheme
Type: choice
Source: BHPS
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?
| Option | Label |
|---|---|
| 1 | Yes |
| 2 | No |
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)
- k_sppen (k_indresp) Benefit from spouse's pension scheme
retirementplanning_w11.rtexpjb
Expects to have pd employment during retirement
Type: choice
Source: UKHLS
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?
| Option | Label |
|---|---|
| 1 | Very likely |
| 2 | Likely |
| 3 | Unlikely |
| 4 | Very unlikely |
| 5 | Depends 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)
- k_rtexpjb (k_indresp) Expects to have pd employment during retirement
retirementplanning_w11.rtfnd
Source of retirement income
Type: multichoice
Source: BHPS adapted
Interviewer Instruction: CODE ALL THAT APPLY
Text: Which of these things do you expect to use to provide for your retirement?
| Option | Label | Associated variables |
|---|---|---|
| 1 | State retirement (Old Age) pension | k_rtfnd1 (k_indresp) State retirement (Old Age) pension, including State Second Pension (SERPS) |
| 2 | Savings or investments | k_rtfnd2 (k_indresp) Savings or investments |
| 3 | Releasing equity in your home by moving to a less expensive one | k_rtfnd3 (k_indresp) Releasing equity in your home by moving to a less expensive one |
| 4 | Renting out a property (other than your main home) | k_rtfnd4 (k_indresp) Renting out a property (other than your main home) |
| 5 | Sale of another property (other than your main home) | k_rtfnd5 (k_indresp) Sale of another property (other than your main home) |
| 6 | Inheritance in the future | k_rtfnd6 (k_indresp) Inheritance in the future |
| 7 | Financial support from your partner or family | k_rtfnd7 (k_indresp) Financial support from your partner or family |
| 8 | Earnings from part-time/freelance work | k_rtfnd8 (k_indresp) Earnings from part-time/freelance work |
| 9 | Occupational or personal pension from scheme not yet started | k_rtfnd9 (k_indresp) Occupational or personal pension from scheme not yet started |
| 10 | Something else | k_rtfnd10 (k_indresp) Something else |
| 96 | None of the above | k_rtfnd96 (k_indresp) None 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_w11.retamt
Expected ratio of post to pre-retirement income
Type: choice
Source: BHPS
Text: What do you expect your retirement income to be compared with your pre-retirement income?
| Option | Label |
|---|---|
| 1 | Less than a quarter |
| 2 | About a quarter |
| 3 | About a third |
| 4 | About a half |
| 5 | About two thirds |
| 6 | About three quarters |
| 7 | About the same as before retiring |
| 8 | Have 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)
- k_retamt (k_indresp) Expected ratio of post to pre-retirement income
retirementplanning_w11.retsuf
Adequacy expected retirement income
Type: choice
Source: BHPS
Interviewer Instruction: READ OUT EACH AND CODE ONE ONLY
Text: Looking to the future, do you expect your income during retirement to be...
| Option | Label |
|---|---|
| 1 | More than enough to meet your needs |
| 2 | Just about enough to meet your needs |
| 3 | Less 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)
- k_retsuf (k_indresp) Adequacy expected retirement income
