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Important information - the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. Withdrawals from a pension product will not normally be possible until you reach age 55 (57 from 2028). This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity's advisers or an authorised financial adviser of your choice.

" I consider myself lucky. I occasionally get a little brain fog, but touch wood I'm relatively free of menopausal symptoms. I know it's not like that for a lot of women."

Becks Nunn - Senior Manager - Content and Brand.

Know what you're up against

According to the report ‘Bridging the Gender Pension Gap’ from mutual life and pensions company, Royal London1, women are more likely than men to reduce their hours - or exit work altogether - in their 50s thanks to menopausal symptoms.

This is a prime age bracket for pension saving and as a result could leave a £63,0001 dent in a woman’s retirement savings as a result of moving to reduced hours.

What’s more, the impact of stopping work altogether – which around a million1 women have had to do because of menopausal symptoms – could result in their pensions being a staggering £126,0001 worse off.

As the research shows, this is largely because workers are most focused on saving for their retirement in the years leading up to it. The over 55s are saving the greatest amount, more than twice as much as those aged 18-341. So, being able to save during this stage of life is critical to achieve healthy retirement savings - it’s also a time when many women are at the peak of their careers.


1. Royal London - 31 October 2022

Take control

There are no givens when it comes to the menopause. You may be completely unaffected. Or you may not be. But at least if you prepare financially for the worst, that's one thing you won't have to worry about.

  • Start by putting away an extra 1% into your pension. It really can make a big difference over time.
  • Make sure you max out on any company pension contributions that are on offer - after a while you probably won’t even notice the money coming out as it’s taken at source.
  • Put pay rises or bonuses to work. Even if you can’t put all of it away for your future adding a little of that extra income to our pension will help in the long run. Or pop it in a stocks and shares ISA, which you can access anytime.
  • Think about combining your pensions if you’ve collected a few in your working career. Bringing them together could make them easier to manage and it could work out cheaper for you, if our service fees are less than you’re currently paying.  Learn more about transferring your pension here.

Important information - it’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from one of Fidelity’s advisers or an authorised financial adviser of your choice.

What you could do next

Make the most of your pension allowances

Find out how to make the most of the tax-efficient pension allowances with our handy guides.

Start looking after future you, today

Take control of your retirement savings and get your money working harder with the Fidelity SIPP.

Explore the pros and cons of pension transfers

Find out how bringing pensions together can make it easier to manage your retirement savings, and how to find out if this would be suitable for you.