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

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read