More than one in five UK adults lack confidence in inheritance planning

Retirement planning and investments also areas where people lack confidence

Isabel Baxter
clock • 1 min read

More than one in five (21%) of the mass affluent lack confidence that their inheritance planning is in order, research from Monument has found.

Its study of 1,000 UK adults found that the top areas where people are least confident were, inheritance planning, provisions for retirement, investments (stocks and bonds), insurance, and personal loans. When asked which areas of their finances they feel least confident about managing without professional advice, tax planning was mentioned by almost a quarter of mass affluents (23%). Inheritance planning is also an area where more help is needed, with 22% noting they are not confident to manage this on their own. Other areas such as retirement planning (17%) and investments (17%) als...

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 Tax Planning

More than one in five UK adults lack confidence in inheritance planning

More than one in five UK adults lack confidence in inheritance planning

Retirement planning and investments also areas where people lack confidence

Isabel Baxter
clock 20 November 2024 • 1 min read
Advisers face surge in demand as more deaths set to trigger IHT charge

Advisers face surge in demand as more deaths set to trigger IHT charge

Proportion of deaths subject to IHT will rise from 5.1% to 9.5% by 2029/30

Isabel Baxter
clock 14 November 2024 • 2 min read
Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Paul Geddes urges for caution on tax changes

Jen Frost
clock 18 October 2024 • 2 min read