Would you stop work with a cool million?

clock

Most people would consider a £1m windfall to be sufficient to give up work for good, research suggests.

A poll of more than 2,000 adults on behalf of insurer LV= found the trigger figure was £1m for every age group except the over-55s, who said they would stop work for £500,000. Playing the lottery represented most respondents' best hope of receiving the money, they said. However, before putting it into savings, most of those polled said they would invest some of the cash or splash out on a luxury purchase. Almost half (48%) said they would buy a property, while 37% would go on holiday or travel the world. Elsewhere, nearly a third (31%) said they would clear outstanding debts such a...

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 Your profession

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Adviser guide aims to 'demystify' Consumer Duty annual reporting

Firms to produce first annual Consumer Duty board report

Sahar Nazir
clock 02 May 2024 • 1 min read
Behavioural coaching a 'tough sell' among prospective clients

Behavioural coaching a 'tough sell' among prospective clients

‘Clients overlook major sources of value from advisers’

Isabel Baxter
clock 02 May 2024 • 1 min read
How fuzzy personal boundaries can lead to professional misconduct

How fuzzy personal boundaries can lead to professional misconduct

Make ethics reviews part of regular team training and development

Philippa Hann and Moira Somers
clock 02 May 2024 • 4 min read