Eight out of ten homeowners will use the value of their property to boost their pension, according to a survey by Birmingham Midshires.
One in six of the 2000 people questioned - in the Saving Britain 2004 Birmigham Midshires campaign - say they intend to release equity from their home, however, the concept of using property investment to boost their retirement income appears to be more popular with men than women.
However, one in 10 people – rising to 17% of 50-somethings - say they will either sell up or rent out their property to finance a more relaxed lifestyle overseas and in the sun.
At least 16% of those asked says they will "downsize" their property in order to maintain the financial stability and raise additional capital for their pension pot.
At the same time, however, 17% say they may need to consider moving jobs in search of a higher wage or better employee benefits scheme and pension package.
Almost half (45%) of the teenagers questioned and 40% of twentysomething university-leavers add they intend to pursue better-paid jobs in the early years.
But very few people intend to become part of the "boomerang generation" according the BM study, as just 1% of those surveyed are prepared to take money from or live with their children in retirement.IFAonline
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