Mens Pension Higher Than Womens Pensions

Men’s Pension Higher Than Women’s Pensions

According to the latest research from the Office of National Statistics (ONS), single women pensioners earn £877 less on private pensions than their male counterparts.  The research revealed the average private pension income for single women was £1238, but £2115 for single men.  

But while single women were found to receive less in private pensions than men, the report found women to be earning on average more in state benefits than men.  

Our view

Given career breaks for family and broken employment and generally women being the main carer, it is not surprising that women work less, therefore have a shorter career, lower earnings threshold and likewise pension.  This is why action needs to be taken to encourage women to review their pension provision more regularly and not rely on their partner.

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