A third of working Brits – 35%, are relying on their inheritance to secure their financial future according to research carried out by insurer LV=. It was revealed that the most common thing UK residents would do with an inheritance is to pay off their mortgage and clear other outstanding debts.
16% of those polled said that they would use inherited funds to boost their retirement savings. Sadly, this optimistic stance made by many may be an empty hope with the number of people leaving significant amounts to the younger generation falling to much less or nothing at all.
