Pregnant Pauses Can Mar Your Retirement
8/1/2007 3:56:47 PM
Retirement income is the last thing on most mothers’ minds as they struggle with the demands of bringing up young children. Yet millions of women face an impoverished old age as career breaks and low pay mean that they do not put enough aside to provide an adequate pension. Recent research by Prudential indicates that about 60 per cent of working-age women do not contribute to a company or personal pension – and that those who do put away about a fifth less than men. This means that the average female pension saver, who contributes £236.54 a month, can expect her private pot to generate an income of only £3,603 a year.