This means that the gender pension gap was £136,800 last year, which is down from £145,700 in 2020 but up from £105,500 in 2019.
Now Pensions said that on average a woman would need to work an additional 18 years in full-time employment to save the same amount into their pension as the typical man.
Has the average woman actually worked 18 years less than that average man over working life?
Given maternity leaves, part time working, falling out of the workforce perhaps – well, maybe. I#d not want to insist that it’s true. But it is an interesting way of looking at it, isn’t it. Perhaps the average working man has put 18 more years of work into his pension?