A 40-year-old male in the top 10pc of earners would pay around £250,000 of National Insurance (NI) contributions during their lifetime but only receive £248,000 of state pension money if they lived to 90.
By contrast, a middle-aged man on average pay would put in around £138,000 of NI contributions and receive £213,000 of state pension income if he lived to the average male life expectancy of 87, according the the Pension Policy Institute.
Its research compared the lifetime NI contributions of men and women aged 20, 40 and 60 to how much they could expect to collect in state pension income.
Higher paid workers are expected to live for longer than lower earners, and therefore will receive the state pension for longer, the research pointed out. Furthermore, NI contributions are salary-related so higher paid individuals pay in than the lower earners.
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