Are you ‘under-pensioned’? A growing number of women are, here’s what you can do about it

hold just £18,310 in median pension wealth by the time they reach retirement – just 9% of the average of £203,200 for men. Going on maternity leave, taking a career break or moving to part-time work to look after children can have a big impact on savings.

It’s often entirely unintentional, because you don’t even think about the future impact of a short-term loss of earnings, but that doesn’t make the impact any less. Nobody wants to think about the possibility of the future breakdown of a relationship or marriage, but it’s very important to get your ducks in a row when it comes to pension contributions.

Samantha Gould, head of PR and campaigns at NOW: Pensions comments: “The gender pensions gap is a problem that has been hiding in plain sight for far too long. Ever since it became compulsory for firms to report their gender pay gaps, we have been fighting to highlight how this leads to the huge gender pensions gap and inequalities that we see in the pensions system.

“We know that it is women who have had to bear the brunt of childcare responsibilities since the first lockdown in March 2020, so it’s positive to see that there are now 600,000 more women working full-time than before the pandemic - made possible by the wide adoption and acceptance of flexible working.

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