Start work aged four to match male savings pots, women told

Gender pensions gap shows biggest difference on record

Kate Hughes
Money Editor
Wednesday 08 June 2022 11:21 BST

Women would have to work from the age of four, or continue to work until 83, to secure the same pension pot as men.

That’s the startling message behind a slew of new data that shows half the population faces astonishing differences in old age funding thanks to a perfect storm of traditional expectations over unpaid care, lower pay and therefore less extra retirement cash from employers and government.

With a life expectancy four years longer than men, women need to have saved more throughout their lifetime to close the gender pension gap – the difference between retirement funds by gender, pension provider Now Pensions warns.

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