Equal Pay Day – 4 ways we can help close the gender pay gaps
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It’s more than half a century since it stopped being legal to pay men more than women for the same job. But the problem is still there. It’s time to stop minding the gap and start closing it.
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Published on 22 November 2023
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
Today is Equal Pay Day. Effectively, taking the pay gap into account, today is the day women stop being paid for the year’s work.
It’s been 53 years since it stopped being legal to pay men more than women for the same job. So, it’s frustrating that we’re still pretty much working well over a month without pay. But it’s not just about what women earn, it’s about what that means for us – what we have and what we keep.
This article isn’t personal advice. If you’re not sure if a course of action is right for you, ask for financial advice.
The data tells us an awful lot about where the problem comes from. There’s apparently very little difference when we’re younger – in fact on average women aged 18-21 earn more than men of the same age.
It’s not at the typical age of
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