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 mean average value of the inheritance expected was £233,000, which would equate to £1.2trn. Four out of five (81%) beneficiaries of inheritance said they expect to receive money, while just over half (51%) assumed they will receive fixed assets of some kind. A further 16% said they expect to inherit a business that their family member owned or part-owned, and a similar number (15%) said the...
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