Gender gap: Women end up with half the pension of men by age 50

Career breaks hit pension saving

clock • 2 min read

Women accumulate on average £56,000 in their pension funds by age 50 compared to £112,000 saved by men, research by Aegon has found.

The data showed that the gender gap rises with age, as women aged 50, who want to match their male counterpart's pension at retirement, would need to pay an extra £360 into their pension pots each month. The study, part of Aegon's Readiness research, was carried out with a sample of 2000 participants aged 18 to 65. According to Aegon, a number of factors including gender pay gap and time spent out of employment to raise children means women are less able to build up pension pots. Commenting on the results, head of pensions Kate Smith said: "It's shocking that 100 years after women ...

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