But gap is narrowing under new system
BY VICKY SHAW reporters@dailyrecord.co.uk MEN get nearly £30,000 more from their state pension than women over a typical 20-year retirement.
The average man receives £153.86 a week while the average woman gets only £125.98, according to a Which? study.
The consumer group looked at Department for Work and Pensions figures for 12.9million people who are receiving the state pension.
About 546,000 of them are getting the new state pension, which was launched in April 2016.
It generally offers a better deal to people who were self-employed or took time out of work to care for family members.
People who had qualified for their pension since the new system was introduced typically received £12.54 more per week than those getting their payments under the old system – adding up to a difference of £13,041 over a 20-year retirement.
In the past, women have often found themselves getting a smaller state pension than men due to taking time out of work to care for family members.
But the DWP said the new state pension is already reducing the gender gap.
Which? found that in August 2017 the average payment received by women was 81.9 per cent of that received by men, up from 77.7 per cent in August 2013.
The full analysis appears in the May issue of Which? Money magazine.
Editor Harry Rose said: “Many pensioners will be shocked by the differences in average payouts to men and women and those qualifying under the old and new systems.”