Retirees more relaxed on tax avoidance than Generation X

Ethical behaviour affected by gender, age and money

Hannah Godfrey
clock • 2 min read

Retirees find it more acceptable than Generation X not to pay as much income tax as they should, research conducted by the Chartered Institute for Securities & Investment (CISI) has found.

According to CISI 15% of retirees said it was acceptable to avoid paying income tax, compared with 8% of 30-39 year-olds. However, when it came to using technology, younger people seemed to behave less 'Ethically' than their older counterparts.   For instance, almost two-thirds (63%) of 18-29 year olds believed it was acceptable to download video or tv content without pay compared with about a third (37%) of 50-59 year-olds. CISI integrity and ethics manager Rebecca Aston said: "The difference in the response to the question on income tax could possibly be explained by retirees per...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why the personal advice touch will thrive amid generational digital disruption

Why the personal advice touch will thrive amid generational digital disruption

Growing appetite for protection amongst younger people

Roger Brosch
clock 07 February 2025 • 4 min read
Financial planning shifts from 'sales-based to experience-based' industry

Financial planning shifts from 'sales-based to experience-based' industry

Sector shifts towards inclusivity and client experience

Sahar Nazir
clock 07 February 2025 • 2 min read
FCA: 'We need to deliver policy quickly' to tackle advice gap

FCA: 'We need to deliver policy quickly' to tackle advice gap

Sara Woodroffe stressed the need for swift action amid advice/guidance boundary review

Sahar Nazir
clock 07 February 2025 • 2 min read