Pension wealth also differs for men and women, as evidenced by the so-called gender pension gap, which shows that women have £85,000 less than men on average by the time they reach retirement age.

We’ve gathered data to uncover the national average, along with how pot size varies by age, gender and region. ... (Source: ONS, Pension Wealth in Great Britain) See More See Less.

High net worth-individuals in the UK are underestimating how much money they need for the retirement they envisage, the ...

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 ...

However, 19% of women aged over 16 were saving into a workplace DC pension, and the median pot size was just £5,000. This gap was most pronounced in the 35-44 age group. A quarter (25%) of women in ...

The average pension pot of someone in their sixties is £228,200 for men and £152,600 for women – far short of what is needed to fund a 100-year life according to the PLSA's figures.

According to the researchers, the average pension pot required for a basic standard of living in older age has jumped from £68,300 in 2020-21 to £107,800 in 2023-24.

For instance, the IFoA estimates that for a young saver, starting a pension at age 35 instead of 25 could mean their pot is only £500,000 at retirement instead of £800,000.

Paying annual fees of 1% could shrink pension savings by £17,711, compared to paying fees of 0.7% Additionally, losing a £10,000 pension pot at age 30 could reduce your final pot by £23,544 ...

Source: Pension wealth: wealth in Great Britain, 2020-2022, ONS, published January 2025. Only includes people with pension wealth, those that have zero pension savings are excluded in the figures.