GITNUX MARKETDATA REPORT 2024

Statistics About The Average Uk Pension Pot

The average UK pension pot stands at around £61,897 as of 2021.

With sources from: moneytothemasses.com, pensionbee.com, pensionsage.com, moneytothemasses.com and many more

Statistic 1

The average UK pension pot at retirement is worth £61,897.

Statistic 2

The average pension pot in the UK stands at £50,000 for those aged 55 to 64.

Statistic 3

Over a fifth (21%) of individuals with a pension in the UK have no idea how much is in their pot.

Statistic 4

As of 2021, 45% of UK citizens aged 35-54 have no pension savings.

Statistic 5

In the 60-64 age range, the median pension pot value is £156,500.

Statistic 6

For people aged 55-59, the median UK pension pot value is £104,000.

Statistic 7

In the 50-54 age range, the median pension pot value is £51,100.

Statistic 8

For people aged 45-49, the median UK pension pot value is £24,600.

Statistic 9

66% of workers over the age of 55 don't know how much they need to save for retirement.

Statistic 10

In London, the average pension pot upon retirement is £91,000.

Statistic 11

Out of 1,200 respondents, 30% didn’t know the value of their pension pot and 45% didn’t know how much it will provide them with in retirement.

Statistic 12

Women’s average pension pot is £35,800, compared with men’s average of £51,100.

Statistic 13

UK university graduates have an average pension pot of £37,800.

Statistic 14

45% of UK workers anticipate that they will need at least £500k in their pension pot to live comfortably in retirement.

Statistic 15

Around 41% of UK workers do not contribute to a pension plan.

Statistic 16

Approximately 59% of UK adults are actively saving for retirement.

Statistic 17

The average UK pension pot at age 65 is valued at £105,496.

Statistic 18

67% of people in the UK have more than one pension pot.

Statistic 19

The UK’s average public sector pension pot is £79,000.

Statistic 20

Approximately 9% of people in the UK have lost track of at least one pension pot.

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In this post, we will explore a comprehensive overview of UK pension pot statistics at various age ranges, gender disparities, public sector comparisons, and the overall state of pension savings and awareness among UK citizens. From the average pension pot values to the percentage of individuals clueless about their retirement savings, these statistics shed light on the current pension landscape in the UK.

Statistic 1

"The average UK pension pot at retirement is worth £61,897."

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Statistic 2

"The average pension pot in the UK stands at £50,000 for those aged 55 to 64."

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Statistic 3

"Over a fifth (21%) of individuals with a pension in the UK have no idea how much is in their pot."

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Statistic 4

"As of 2021, 45% of UK citizens aged 35-54 have no pension savings."

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Statistic 5

"In the 60-64 age range, the median pension pot value is £156,500."

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Statistic 6

"For people aged 55-59, the median UK pension pot value is £104,000."

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Statistic 7

"In the 50-54 age range, the median pension pot value is £51,100."

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Statistic 8

"For people aged 45-49, the median UK pension pot value is £24,600."

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Statistic 9

"66% of workers over the age of 55 don't know how much they need to save for retirement."

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Statistic 10

"In London, the average pension pot upon retirement is £91,000."

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Statistic 11

"Out of 1,200 respondents, 30% didn’t know the value of their pension pot and 45% didn’t know how much it will provide them with in retirement."

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Statistic 12

"Women’s average pension pot is £35,800, compared with men’s average of £51,100."

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Statistic 13

"UK university graduates have an average pension pot of £37,800."

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Statistic 14

"45% of UK workers anticipate that they will need at least £500k in their pension pot to live comfortably in retirement."

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Statistic 15

"Around 41% of UK workers do not contribute to a pension plan."

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Statistic 16

"Approximately 59% of UK adults are actively saving for retirement."

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Statistic 17

"The average UK pension pot at age 65 is valued at £105,496."

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Statistic 18

"67% of people in the UK have more than one pension pot."

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Statistic 19

"The UK’s average public sector pension pot is £79,000."

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Statistic 20

"Approximately 9% of people in the UK have lost track of at least one pension pot."

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Interpretation

In conclusion, the statistics regarding UK pension pots reveal a complex landscape of retirement savings. While some individuals have substantial pension funds, many are uncertain about their pot's value or lack adequate savings. The data highlights disparities among different age groups, genders, educational backgrounds, and regions in the UK. It is evident that there is a need for better financial education and planning to ensure a secure retirement for the population, as a significant portion of individuals are either underprepared or uninformed about their pension situation. Efforts to increase pension savings and awareness are crucial to address the challenges posed by an aging population and evolving retirement landscape.

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