Financial Planning for Women: Why It Matters More Than Ever

By Deborah Jacobs, Director, PenLife Associates

As women, our stories are wonderfully diverse. Some of us are building careers, some running households, some caring for children or ageing parents, and many of us are juggling all three. Wherever we find ourselves, feeling in control of our money is important for us all. And when we look at the financial picture for women in the UK today, it becomes clear why planning for the future really matters:

We live longer

On average, women in the UK live longer than men. It’s a wonderful thing but it does mean our retirement savings need to stretch further. Planning helps ensure longevity becomes a gift, not a financial worry.

Career breaks are common

Many women take time out of work for childcare, family care, or simply personal choice. While valuable, these breaks can reduce workplace pensions, limit earnings growth, and make it harder to “catch up”. Thinking ahead helps bridge those gaps.

The gender pay gap still exists

Progress is happening, but slowly. In April 2025, the ONS reported a 6.9% gender pay gap among full time employees. Over a lifetime, that difference compounds – affecting pensions, savings, and financial security. Planning can help make sure every pound works as hard as we do.

Women are increasingly financial decision-makers

More women control household finances, own property, run businesses, and invest. With that comes the opportunity to build a future aligned with our values and ambitions.

Planning doesn’t need to feel overwhelming

Financial planning often sounds formal or intimidating, but it’s about understanding where you are and where you want to be. It can start with simple steps:

1. Get clear on your goals

It’s not just about pensions or investments, it’s about what you want. Travelling more? Starting a business? Supporting your children through university? Retiring early? Your financial plan should reflect your life, not the other way around.

2. Understand your numbers

A quick look at your savings, pensions, and monthly spending can reveal a lot. It doesn’t need to be perfect, getting a picture is progress.

3. Make a plan that grows with you

Life changes. Your financial plan should be flexible. A good Financial Planner won’t hand you a static document, they’ll help create a plan that evolves with your circumstances.

Complimentary Financial Planning Chat

If you’re not sure where to start, we’d love to help. Call 01904 661140, email enquiries@pen-life.co.uk or scan the QR code to book a time that works for you. And if nothing else, having a friendly chat about your plans might just help things feel a little clearer and ease any worries that may be sitting quietly in the background.