Gender pay gap
Gender pay gap report 2024–2025
Gender pay gap report 2023–2024
Gender pay gap report 2022–2023
Gender pay gap report 2021–2022
Gender pay gap report 2020–2021
Gender pay gap report 2019–2020
Like most public bodies, our 2024 gender pay gap is calculated from data taken at the snapshot date of 31 March 2024 and is reported by 30 March 2025.
At the Heritage Fund, we’re committed to progressing equality, diversity and inclusion within the organisation. Our gender pay analysis is important to us and we use the services of an external specialist, Brightmine (formerly XpertHR), to support us.
The gender pay gap is the difference in pay between all men and women in a workforce. This is not the same as equal pay, which refers to pay differences between men and women doing the same job or work of equal value. The Heritage Fund uses a robust pay range framework to ensure men and women are paid at the same pay range for the same work.
You can download reports going back to 2019–2020 from this page.
Our 2024 gender pay gap
Our gender pay gap is calculated from hourly pay data taken at the snapshot date (31 March 2024).
- Our median gender pay gap is 4.18%, a slight increase from 1.80% in 2023.
- The mean gender pay gap is 8.93%, a slight increase from 6.88% in 2023.
As we are a workforce of around 350 people, changes including new starters and leavers will have more of an impact than you might see in a larger organisation. This means we would expect to see slight fluctuations in our gender pay gap year to year and our overall trend still shows this is decreasing (see below).
Our gender pay gap over time
| Year | Median gender pay gap | Mean gender pay gap |
|---|---|---|
| 2019 | 17.4% | 19.0% |
| 2020 | 12.1% | 11.5% |
| 2021 | 13.1% | 13.7% |
| 2022 | 8.45% | 12.2% |
| 2023 | 1.8% | 6.88% |
| 2024 | 4.18% | 8.93% |
Our bonus gap
Under the Heritage Fund’s bonus scheme, all staff eligible to receive the full bonus receive the same payment regardless of their pay range. There is no differentiation of payments to men and women who receive the full award. Our bonus pay gap is 3.24% for women less than men, a slight increase from 3.18% in 2023/24. This is due to pro rata payments for new starters and situations where zero bonus is paid to ineligible staff. 77% of women received a bonus in 2024/25 compared to 78% of men.
Further data
More detail on our 2024 gender pay gap analysis can be found in the PDF report on this page.
Key details of our gender pay gap can be accessed on the Gender Pay Gap Service website.