Research has found that women in England and Wales are making the most effort to put money away for their futures, despite continually earning up to £13,500 less than men.
According to the Halifax Savings Barometer, the average savings pot held by a woman stands at £8,211 compared with the average male holding £7,699, reflecting a £512 difference.
An average balance for a female saver accounts for 41% of her average yearly income, compared with 23% for men.
The campaign for equal and fair pay is an ongoing issue. Women are estimated to earn up to 14.9% less than their male colleagues, despite doing the same job.
Commenting on the findings, Richard Fearon, head of Halifax Savings, said: "In recent years, people have become more aware of the need to put money aside in order to build a financial savings 'cushion'.
"Not only are women outsaving men relative to their annual earnings, but they also have more savings in total."
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