Millennials set to inherit £1.2trn over 30 years

5.1 million expecting £50,000 or more

Hannah Godfrey
clock
Millennials set to inherit £1.2trn over 30 years

More than 11 million people aged 25 to 45 expect to receive some sort of inheritance, with nearly half of those expecting to inherit at least £50,000 in fixed assets or money, according to a report by Sanlam UK.

The report, Generation Game, looked at the intergenerational wealth transfer expected to take place in the UK over the next 30 years. Of the 5.1 million expecting to receive £50,000 or more, the...

To continue reading this article...

Join Professional Adviser

 

  • 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 Estate planning

LV= said: "Due to property price inflation, mortgage terms today are much longer than they were historically, and therefore many people may find themselves at retirement age without having fully paid off their mortgage."

1.5m UK adults retire with outstanding home loans - LV=

'Navigating the cost of living crisis'

clock 24 June 2022 • 3 min read
IHT receipts up £0.1bn, HRMC figures reveal

IHT receipts up £0.1bn, HRMC figures reveal

‘Successive year-on-year rises’

clock 23 June 2022 • 5 min read
Richard Burgess: "Modern family dynamics are poorly served by the intestacy rules."

Richard Burgess: Raising the profile of wills and LPAs with clients

Wills and LPAs explained

Richard Burgess
clock 07 June 2022 • 4 min read