Financial Planning Week: ISAs peaking later than pension average

The average value of an ISA for a saver aged 70-79 is sitting at £175,421

Hope Coumbe
clock • 1 min read

The average UK pension pot peaks when its owner is in their 50s – two decades earlier than when ISA valuations peak, according to Twenty7tec.

Research published on 22 January for 2024 Financial Planning Week by the advice tech firm showed the total value of most people's pension pots plateaus after they turn fifty. In comparison, the average ISA value continued to rise, reaching its peak when the holder is in their 70s. The firm used anonymised data from 900,000 client records to estimate this, finding the average pension savings for someone aged 50-59 was £223,881. This fell to £175,421 for those aged between 70 and 79. The average value of an ISA for someone aged 70-79 was £109,515, according to the data. This was sign...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

First three firms complete pensions dashboards ecosystem connection

First three firms complete pensions dashboards ecosystem connection

Heywood, L&G and Pension Fusion have completed final stages required to connect

Holly Roach
clock 05 March 2025 • 1 min read
Post-Budget IHT planning: Gifting options in light of pension changes

Post-Budget IHT planning: Gifting options in light of pension changes

Withdrawals need to be spent, sheltered or gifted

Andrew Tully
clock 03 March 2025 • 4 min read
Pension transfers: Transparency vital in push to raise standards

Pension transfers: Transparency vital in push to raise standards

A glass half full for pension transfers?

Anthony Rafferty
clock 28 February 2025 • 3 min read