{"id":40222,"date":"2025-09-03T05:54:09","date_gmt":"2025-09-03T05:54:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/40222\/"},"modified":"2025-09-03T05:54:09","modified_gmt":"2025-09-03T05:54:09","slug":"women-have-an-average-40pc-less-in-pension-pot-as-staggering-gender-divide-exposed","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/40222\/","title":{"rendered":"Women have an average 40pc less in pension pot as \u2018staggering\u2019 gender divide exposed"},"content":{"rendered":"

The average Irish woman\u2019s pension pot is a \u201cstaggering\u201d 40pc less than men\u2019s. <\/p>\n

An average pension pot for a man in Ireland is \u20ac102,000. But it is only \u20ac60,500 for women, according to research by the Irish-owned network of financial advisers Ask Acorn.<\/p>\n

This means that Irish women have on average saved around \u20ac41,400 less into their pension pots than men, indicating a gender pension gap of 40pc, according to a survey conducted by iReach for Ask Acorn.<\/p>\n

Three out of 10 Irish adults have no retirement savings, a situation that is supposed to be addressed with the promised launch of the My Future Fund auto-enrolment pension fund from the start of next year.<\/p>\n

But a far higher proportion of women have no pension to draw on in retirement, other than the PRSI state pension. It pays out a maximum of \u20ac289.30 a week.<\/p>\n

More than a third of women have no retirement savings, indicating that they are facing a ticking pensions timebomb.<\/p>\n

In contrast, just one in four men have no retirement savings.<\/p>\n

\"Women<\/p>\n

Women often take time out of the workforce when they become mothers. Photo: Getty<\/p>\n

The average pension pot built up by males aged 55-plus, who are in or near retirement, is \u20ac145,000. For females, the amount falls drastically to \u20ac83,000.<\/p>\n

On average, Irish women close to retirement have \u20ac62,000 less in their pensions than their male peers.<\/p>\n

This indicates a gender pension gap of almost 43pc for those in or near retirement.<\/p>\n

Across the various age groups, the average Irish person with retirement savings has built up a pension pot of \u20ac80,500.<\/p>\n

For those with retirement savings, far more men than women have pension pots worth more than \u20ac100,000.<\/p>\n

More than half of women with retirement savings have at most \u20ac30,000, with many holding substantially less.<\/p>\n

By comparison, just 41pc of men have savings at or below this level.<\/p>\n

Keith Butler, the chief executive of Ask Acorn, a network of 100 financial advisers, said the gender pensions gap was \u201cstaggering\u201d.<\/p>\n

\n

Wages in some of the job sectors traditionally dominated by women are often low<\/p>\n<\/blockquote>\n

He said that despite the progress on gender equality in recent years, including female participation in the workforce reaching all-time highs, women are still falling well behind men when it comes to their pension pots.<\/p>\n

\u201cThe research points to a staggering 40pc difference between what a woman in Ireland has in her pension, and what a man has.<\/p>\n

\u201cAnd that\u2019s if they have a pension at all \u2013 the study shows that far fewer women than men actually have any retirement savings.\u201d<\/p>\n

Mr Butler sad that women in Ireland typically live longer than men.<\/p>\n

And there has been a huge increase in recent years in the number of female retirees.<\/p>\n

He said women often earn less than men and as a result do not have as much to save into their pension as their male counterparts.<\/p>\n

Wages in some of the job sectors traditionally dominated by women are \u00adoften low.<\/p>\n

Mothers often take time out of the workforce, or move to shorter working weeks, to look after children. Women are also three times more likely than men to work part-time.<\/p>\n","protected":false},"excerpt":{"rendered":"The average Irish woman\u2019s pension pot is a \u201cstaggering\u201d 40pc less than men\u2019s. An average pension pot for…\n","protected":false},"author":2,"featured_media":40223,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,2107,18,19,17,2108,234,235],"class_list":{"0":"post-40222","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-charlie-weston","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-money-experts","14":"tag-personal-finance","15":"tag-personalfinance"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/40222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=40222"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/40222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/40223"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=40222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=40222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=40222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}