More than half of bonus recipients saved, invested or reduced their mortgage over the last 12 months, according to research from Birmingham Midshires.
The survey of 2,000 people reveals 39% of bonus recipients saved all or most of their annual bonus over the last 12 months, 9% used their payout to reduce their mortgage and 6% put the money into other types of investments.
But some people were unable to resist the temptation to spend – 12% rewarded themselves with a holiday and 11% bought electrical goods such as i-pods and plasma TVs.
Those in the Midlands and Wales were most likely to save, invest or pay off their mortgage (64%), while 45% of Londoners saved their bonus, 10% splurged on a luxury holiday and 9% paid a lump sum off their mortgage.
British workers collectively took home over £24bn in bonuses over the past 12 months, with the average bonus amounting to £1,758.
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£15bn investment gap
Replaced by Stephen McPhillips