Analysis of Department for Work and Pensions annual research by consultancy Broadstone has revealed that women continue to lag behind men in retirement saving, despite some progress in narrowing the gender pension contribution gap.
Across all employees, the median male saver contributed £4,430 to their workplace pension in 2025, £310 more than the £4,120 saved by the median female employee.
However, this contribution gap has halved in the last six years, from £680 in 2019, when the median male saver contributed £4,660 and the median female saver contributed £3,980. While the gap has narrowed, progress has begun to slow in recent years, with the gap standing at £360 in both 2023 and 2024 – just £50 more than the latest gap.
The impact of lower pension contributions can extend well beyond working years. A £310 annual difference in pension saving would amount to £12,400 in missed contributions over a 40-year career. Assuming annual investment growth of 5 per cent, the effect of lost compound growth means this could leave someone with around £37,500 less in retirement savings.
Kelly Parsons, head of defined contribution proposition at Broadstone, says: “While it is encouraging to see the gap between male and female pension contributions gradually narrowing, women are still saving significantly less into their workplace pensions, leaving many at greater risk of poorer retirement outcomes.
“This isn’t just a question of engagement. Women are more likely to take career breaks to care for children or family members, work part time, or reduce their hours during different stages of their careers. These interruptions can have a lasting impact on pension contributions and limit the additional savings accrued by long-term investment return growth.”
Female employees remain less likely to opt out of workplace pension saving than men. In Q3 of the 2025/26 year, 10.3 per cent of auto-enrolment eligible female employees opted out of their workplace pension scheme, compared with 13.3 per cent of AE-eligible male employees.
Opt-out rates have risen for both groups over the past year, increasing from 8.6 per cent to 10.3 per cent for women and from 11.5 per cent to 13.3 per cent for men (Q3 2024/25).
