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UK Median Wealth by Age (ONS Data)
| Age Group | Median Total Wealth |
|---|---|
| 25–34 | £38,000 |
| 35–44 | £165,000 |
| 45–54 | £348,000 |
| 55–64 | £564,000 |
| 65–74 | £650,000 |
Source: ONS Wealth and Assets Survey. Figures include private pension wealth, property equity, financial savings and physical assets.
Frequently Asked Questions
What is the average net worth by age in the UK?
According to ONS Wealth and Assets Survey data, median total household wealth in the UK by age group is approximately: ages 25–34: £38,000; ages 35–44: £165,000; ages 45–54: £348,000; ages 55–64: £564,000; ages 65–74: £650,000. These figures include property equity, pension wealth, financial savings and physical assets. Note: the mean (average) is much higher due to wealth concentration at the top.
How much should I have saved by age 40 in the UK?
A common rule of thumb is to have saved 3× your annual salary by age 40. For the UK median salary of around £35,000, that would be £105,000. However, ONS data shows median wealth for 35–44 year olds is £165,000 (including property equity). Without property, financial wealth alone at this age averages around £40,000–£60,000. Pension contributions of 15% of salary from age 22 typically produce a pot of £60,000–£90,000 by 40.
What is the average pension pot by age in the UK?
Average pension pots by age (Pension Policy Institute, 2025): age 35: £30,000; age 45: £85,000; age 55: £178,000; age 65: £230,000. These are means — medians are considerably lower. To target a comfortable retirement income of £37,000/year (PLSA 'comfortable' standard), you need a pension pot of approximately £600,000–£700,000 at retirement age, plus state pension.
How do I catch up on retirement savings in the UK?
If you're behind on retirement savings, key strategies include: maximising employer pension matching (free money), increasing contributions to take advantage of tax relief (20–45%), using ISAs for tax-efficient savings, considering salary sacrifice to save National Insurance too, deferring state pension (increases by 1% for every 9 weeks deferred), working a few extra years (has an outsized impact), and reviewing pension fund allocation to ensure appropriate growth assets for your age.
What is a comfortable retirement income in the UK in 2026?
The Pensions and Lifetime Savings Association (PLSA) Retirement Living Standards for 2026 define: Minimum standard: £14,400/year (single) — covers basic needs. Moderate standard: £31,300/year (single) — more financial security and flexibility. Comfortable standard: £43,100/year (single) — includes holidays, car, hobbies. For couples, add approximately 50–60% to these figures. The full new State Pension in 2026/27 is approximately £11,500/year.