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 ...

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 ...

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 ...

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 ...

SAVERS could get a boost of up to £29,000 in their pension pots by retirement thanks to Government reforms, new figures ...

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.

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 Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.