Fully remote workers could boost their pensions by more than £166,000 by retirement, according to analysis from PensionBee, with 59 per cent of remote workers stating that they would consider adding extra savings as a result of home working.

The research found that workers are likely to save up to £25 a week on food and drink, and £26-50 a week on transport thanks to the benefits of fully remote working, although they would also face increased bills of up to £25 per week.

Of those considering further contributions to their pension, nearly a third (29 per cent) said that they would consider making a payment of up to 15 per cent of these remote working savings into their pension.

Additionally, nearly a quarter (23 per cent) would consider putting in between 21 and 30 per cent of their additional savings into their pension, and 4 per cent would contribute 100 per cent of their remote working savings.

Based on this, PensionBee estimated that the average worker could save £1,976 a year when working from home fully, suggesting that contributing just 8 per cent of these annual savings would result in an increased pension value of over £12,000 after 25 years.

It also estimated that contributing 18 per cent of these annual savings would boost a retirement fund by almost £30,000, whilst contributing 41 per cent of the additional savings would result in a £67,000 boost by retirement.

Finally, if a saver contributed all of their remote working savings for the year, they could stand to benefit from a £166,000 increase to their pension balance after 25 years.

Commenting on the findings, PensionBee CEO, Romi Savova, said: “Remote working has become a well-established norm for UK office workers, with many benefitting from the unique opportunity to make significant savings in their everyday lives.

“While it might be tempting for workers to spend the extra savings on short-term endeavours, our research indicates that by utilising even a small amount of these additional savings to boost their pensions, workers could find themselves in a much-improved position for their eventual retirement.”

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