Single women's pension income now 40% lower than men
Single women in the UK faced a 40% gender disparity in personal pension income compared to their male counterparts over the past year, according to Bowmore Financial Planning.
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Single women in the UK faced a 40% gender disparity in personal pension income compared to their male counterparts over the past year, according to Bowmore Financial Planning.
The average income received from personal pensions has fallen 14.3% to £939 per year in 2021/22, according to Bowmore Financial Planning.
Over the years they have been ravaged by inflation and in the worst cases are now worth less than a sixth of what they were in real terms when they were last set.
Over the years they have been ravaged by inflation and in the worst cases are now worth less than a sixth of what they were in real terms when they were last set.