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Two in 5 Britons who anticipate an inheritance mentioned they wanted the cash to fund their retirement, in keeping with new analysis.
Multiple in 4 Britons (38%) anticipate an inheritance, or have already obtained one, in keeping with the examine from Hargreaves Lansdown.
The examine discovered that the share of these counting on an inheritance peaked within the years earlier than retirement (55-64), with 45% of that age group counting on one.
Half of fogeys with kids dwelling at dwelling (47%) mentioned they wanted an inheritance to assist present an honest earnings in retirement.
Girls had been additionally extra prone to want a windfall for his or her retirement earnings.
Helen Morrissey, senior pension finance analyst at Hargreaves Lansdown, mentioned: “An inheritance can play a job in retirement planning, however you have to think about it rigorously. Your important bills needs to be coated no matter whether or not or not you get an inheritance – this will come from a mixture of state pension, office and private pensions in addition to every other investments.
“Any inheritance ought to assist pay for the extras to make life extra comfy – or provide the way of life you need in retirement. In case your pension financial savings will fall brief with out an inheritance, you want a sturdy plan B you’re ready to make use of.
“If an inheritance is prone to play some half in your retirement earnings, you have to be as certain as you may be that you just’ll really get one. It could really feel like a tough dialog to have along with your family members, however you possibly can’t base planning on a obscure assumption and crossed fingers. Lifetime presents is also extra tax-efficient.”
• Opinium surveyed 2,000 Britons in April on behalf of Hargreaves Lansdown.
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