Start work aged four to match male savings pots, women told
Gender pensions gap shows biggest difference on record
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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