Fact Service May 2018

Issue 21

Gender pension gap is wider for older women


The UK has a 31% pension gender gap, with an average female pension pot of £16,083 compared to the average male pension savings of £23,416, according to research by PensionBee.


Its analysis of 5,098 individuals who save into PensionBee pensions also found that the gender gap in Northern Ireland is 76%, with women having average retirement savings of £4,031, compared to men’s average pension pot of £16,485.


Female pension savers aged over 50 have an 
average pension of £31,254 and men over 50 have an average pension of £53,449. This equates to a pension gender gap of 42%.

https://www.employeebenefits.co.uk/issues/may-2018/uk-pension-gender-gap