Average Lifetime Pension Pot Size (UK)

justyy (82) in blog • last year

Read this today and surprised to find this figure:

55,900 GBP is the average lifetime pension pot size. This provides 2,236 GBP annually for 25 years, allowing retirement at age 60 to last until 85.

So, what happens after 85 if you manage to live at 85? Put aside that 2236 a year is like 183 per month.

The UK gov allows you to have one-time withdrawal tax free at 20% amount of the total pension funds.

You can use PensionBee to manage all pensions in one single account. Openning account via this PensionBee gives you 50 GBP Rewards!

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blog pension tax uk

last year by justyy (82)

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justyy (82) · last year

!ask what is the average size of UK Pension Pot ?

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witnesstools (50) · last year (edited)

The average size of a UK Pension Pot is £50,000. According to figures from the Office for National Statistics, the average size of a pension pot in 2020 was £50,800. This figure is up 4.5% from 2019 and currently stands at its highest level ever recorded.

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