One in six 'relies' on inheritance

Based on interviews with 2,376 people and using a pro rata calculation system, the firm says more than 7.4 million people believe inheritances will sort out a range of financial issues, including paying off unsecured debts. The data also suggests the average windfall from an inheritance in the past three years is around £40,430, while more than a million people have received inheritances of over £100,000 and around 74,000 received between £300,000 and £500,000. Lincoln Financial Group argues its research proves people need to take greater care with financial planning to avoid the inheri...