According to the ONS, the median average UK pension pot is £32,700, yet this varies significantly depending on age and pension type. For 25-34 year olds, it’s £9,300, but for 55-64 year olds ...

Average pension wealth peaks when savers are aged between 55 and 74, with around £140,000 tucked away for retirement. It then falls to £59,700 for those aged 75 and over as they start to spend ...

Overall average. According to data from PensionBee, the average UK pension pot was worth £20,077 as of May 2024.. However, some individuals hold multiple pension pots, so the combined value of ...

This puts the average UK pension pot’s income at around £12,000 a year (including a full state pension), well below what is needed for a moderate income in retirement.

He said: “The average pension pot for those between 55 – 65 is £35,000. It translates to annual retirement income of less than £1,800 on top of the state pension”.

How big is the average pension pot? Over-55-year-olds have £85,000 saved in their pension on average, with 35–54-year-olds having a much lower £35,000 on average, according to interactive ...

The average earner now needs a pension pot of around £260,000 today to make sure they can maintain their standard of living into retirement, which compares to £150,000 16 years ago.

The average age women can expect to empty their pension pot – and why it is younger than men Some female retirees could end up with a 14-year shortfall between their private pension funds ...

If pension contributions were upped to 12%, the average £35,000 earner would have £691,977 in their pension pot by retirement - still a shortfall of hundreds of thousands of pounds.

After spending years neglecting his provisions for retirement, John knew he needed to make a big change to his pension ...

Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.