Over half of surprise bonuses are spent instead of saved

clock

Adults are spending more than half of any money received as windfalls such as inheritances and bonuses, with just 8% going towards mortgage or debt repayments, claims Birmingham Midshires.

The latest research, from the building society’s Saving Britain campaign, shows the average Briton received a monetary windfall of £5,944 in the last year, but just 40% was saved or invested, with 7% going towards the mortgage or paying off debts. In the survey of 2,000 adults, only 48% of bonuses, inheritance and other cashflows were put towards people’s futures, with 15% spent on holidays, 6% on cars and 31% on other luxuries. Birmingham Midshires also claims the type of windfall determines the way the money is spent, with those receiving redundancy pay putting 15% towards mortgage ...

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 Investment

How quality investing behaves through the cycle

How quality investing behaves through the cycle

Resilience when it matters more

Joseph Stephens and Laura Neill
clock 14 September 2026 • 4 min read
Why portfolios need to evolve, not revolve when it comes to client outcomes

Why portfolios need to evolve, not revolve when it comes to client outcomes

'As market structures evolve, so must portfolio construction'

Ed Senior
clock 11 September 2026 • 4 min read
What does 'quality' investing actually mean?

What does 'quality' investing actually mean?

Why persistence is the real test

Joseph Stephens and Laura Neill
clock 11 September 2026 • 4 min read