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Daily Mirror
Daily Mirror
Business
Danni Scott

Pension experts urge to start saving young as women retire with £123k less than men

The gender pay gap has been a battle ground for feminism since before the passing of the Equal Pay Act in 1970. Although the gap has tightened, this is still an on-going issue that activists are attempting to stamp out.

A gap in pay has a long term impact, beyond just household earnings, as it can also impact your pension. Pension pots can help support you in your old age, with the state pension set at 66-years-old - although this age keeps getting pushed back so young people may be working for much longer.

However, women could be missing out on £123k from their pension thanks to historic gender pay gap issues, time out for children and other factors.

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