Average Lifetime Pension Pot Size (UK)

in blog •  last year 

Read this today and surprised to find this figure:

34d83a46aeeda76989cb47f51882355f.jpg

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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