06 March 2019

Women urged to 'get ahead of the curve' on pension saving, as new figures show women's earnings peak in thirties

3 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Corporate PR Specialist – Long Term Savings

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Commenting on the publication of today’s Personal Income statistics Helen Morrissey, pensions specialist at Royal London, said:

“Today’s statistics show that women hit their peak median income in the 35-39 age range, so it is vital they get ahead of the curve and start saving into a pension as early as possible. There are many reasons why women hit this point earlier than men, for instance the rise in part time working among women after this point as they take on caring responsibilities. By starting saving into a pension early we can ensure women take full advantage of the employer contributions, tax relief and investment performance which will help them build a sustainable base for their future retirement planning.”

Notes to editors:

Personal Income statistics can be found here

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.