Retirees more relaxed on tax avoidance than Generation X

Ethical behaviour affected by gender, age and money

Hannah Godfrey
clock • 2 min read

Retirees find it more acceptable than Generation X not to pay as much income tax as they should, research conducted by the Chartered Institute for Securities & Investment (CISI) has found.

According to CISI 15% of retirees said it was acceptable to avoid paying income tax, compared with 8% of 30-39 year-olds. However, when it came to using technology, younger people seemed to behave less 'Ethically' than their older counterparts.   For instance, almost two-thirds (63%) of 18-29 year olds believed it was acceptable to download video or tv content without pay compared with about a third (37%) of 50-59 year-olds. CISI integrity and ethics manager Rebecca Aston said: "The difference in the response to the question on income tax could possibly be explained by retirees per...

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

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read