Pensions pay gap: Men receive up to £29k more than women in state pension, study shows
Many women have a smaller retirement savings pot because they take breaks in their careers
The pay gap continues after retirement, with men getting a better state pension deal than women, according to research from consumer group Which?.
Male pensioners stand to receive almost £29,000 in total more than women over the course of a typical 20-year retirement, based on the latest available data from the Department of Work and Pensions (DWP), which shows the average man receives a weekly pension of £153.86 while women get £125.98.
Read more Grandparents claiming pension boost for looking after grandchildren Scrapping state pension triple lock may increase poverty, report warns Fifteen million people aren’t saving for retirement, FCA boss warns The figures, which cover the three months to August 2017, show women receive on average 81.9 per cent of what men get, an improvement from 79.7 per cent in the same period of 2015 and 77.7 per cent in 2013.
Almost 13 million people currently..