'I'm Penalised for Having Kids': Why Women's Pensions Are £67k Smaller than Men's

Average woman's pension could run out a decade sooner than men, shock research shows - The Mirror

Research has shone a light on the gender divide that exists between men and women when it comes to how much they have to live on in retirement

'I'm penalised for having kids': Why women's pensions are £67k smaller than men's

Taking time out of careers to raise children and the gender pay gap means women are heading into retirement with an average of £67,000 less than men in their pension pots, according to new research.Analysis of Census data by the Women’s Budget Group think tank found women will retire with an average pension pot of £88,000 compared to £155,000 for men.Researchers said that at 43 per cent, the gender pension gap is far higher than the gender pay g…

Gender Pension Gap Leaves Women at Risk of Poverty

The pension wealth disparity between men and women is stark, with Gen X women aged 55-59 possessing an average of £81,000 in their pension pots, less than half the £156,000 held by their male counterparts. This gap translates into a tangible risk of pension poverty, with women potentially depleting their pension wealth a decade earlier than men, based on annual withdrawals of £11,000. Source

Women at risk of running out of pension wealth

Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them vulnerable to pension poverty, according to illustrative calculations by investment platform Interactive Investor shared with City…