The income of single female pensioners under 75 has overtaken that of men for the first time ever, Broadstone has found.
Its analysis of data from the Department for Work and Pensions (DWP) showed that in 2021/22, the annual income of women under 75 after housing costs was £12,168 - £52 higher than men in that age group. This was a reversal of the previous year's data, when men under 75 received an average annual income £988 higher than women. However, the data showed that in 2021/22, income for single female pensioners over 75 was on average £2,236, which is less than men in that cohort. Additionally, the average annual income gap of single female pensioners over the age of 75 has been £1,466 over t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
