Working from home could boost your pension pot by £160k

There are a number of reasons why working from home can make sense, but for those looking to boost their pension, remote working could help you do just that, adding thousands to your retirement income.

Woman using smartphone and remote working
(Image credit: Getty Images)

Remote working has become a political battleground with some calling for a post-pandemic return to the office while others argue for the flexibility of working from home. Now new analysis weighs in with the cost to our retirement – working from home could in fact could put an extra £160,000 or more into your pension.

While the debate around the pros and cons of remote work rages on, savings made from working from home and not commuting could lead to a significantly bigger retirement income.

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Total retirement fund at age of 68*

No additional contributions, saving from age 22

£690.80 a year additional contributions from WFH 1 day a week, age 22 - 68

£1,381.60 a year additional contributions from WFH 2 days a week, age 22 - 68

£2,072.40 a year additional contributions from WFH 3 days a week, age 22 - 68

£2,763.20 a year additional contributions from WFH 4 days a week, age 22 - 68

£3,454 a year additional contributions from fully remote working, age 22 - 68

£210,000

£263,000

£316,000

£370,000

£423,000

£476,000

+£53,000

+£106,000

+£160,000

+£213,000

+£266,000

Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites