Nearly half (49%) of people retiring this year are confident they will be able to afford to leave an inheritance despite on-going financial pressure, according to a survey from Prudential.
However, this perception is slightly down from 2011's findings, when 52% said they would be able to adequately fund their retirement as well as leave a legacy.
This year's research shows one in 12 (8%) would cancel their plans for leaving assets behind if they struggle to make ends meet.
Matthew Stephens, inheritance tax expert at Prudential says: "Being able to leave an inheritance is important to many people and despite the squeeze on living standards, [people] are confident they will be able to fund their retirement and still leave money or assets to their loved ones."
When asked about their families' views, more than two-fifths (44%) say they do not expect any inheritance compared with a third (35%) who believe their families expect to be left something.
Stephens advised: "Inheritance planning is crucial in the run up to retirement. The inheritance tax threshold has been frozen at £325,000 until 2015, meaning that many people will potentially face a tax bill if they do not plan ahead.
"To ensure it's possible both to leave an inheritance and secure a comfortable retirement income, it's vital to seek professional financial advice well in advance of your intended retirement. Saving as much as possible, as soon as possible, will also help people to meet the retirement provision that they need."
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