Using property to fund retirement 'last resort' for majority

Little appetite for using property as pension

clock • 2 min read

The vast majority of homeowners do not want to use their property wealth to fund retirement, according to Aegon research.

Research from the provider found 74% of homeowners would only use their home as a "last resort" to provide a retirement income or do not consider their home as a source of retirement income at all. Aegon spoke with 560 adults in June for the study. It added more than half (53%) want to leave their home to their loved ones.  The research also found just 3% of those surveyed would sell their property and move in with family as a means of funding retirement. While 21% of homeowners are hoping they can fall back on inheritance to assist them with their retirement. Aegon UK pensions dir...

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