Biggest inheritances go to 55s and over - ONS figures

The recognised national statistical institute of the UK found that those aged between 55 and 64 who received an inheritance between July 2014 and June 2016 pocketed a median £33,000 each. Those aged over 65 received a median £20,000 while t he median inheritance across all age groups was £11,000. In terms of the source of those inheritances, the ONS found almost two-thirds (62%) of 55 and overs received their inheritance from grandparents, other more distant relatives or non-relatives. One-third (33%) received money after their parents' death and the remaining 5% received money from spou...