A new study has uncovered that UK adults are experiencing anxiety about reaching financial milestones, like retirement, without receiving an inheritance.
Research has shown that around a third of UK citizens are concerned about whether it is feasible to build a comfortable retirement nest egg without any form of inheritance to bolster their savings.
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The recent data displayed that around 20 per cent of Britons who could save for their eventual retirement were aided by some kind of inheritance. Examples cited included a monetary gift bestowed by a loved one or family member, a payment made by the estate of a family member after they passed away or pay-out from a life insurance policy.
Inheritance can often help people achieve their financial goals, however not everyone can rely on such a boost. The report highlighted at around 14 per cent of respondents were unsure if they would receive any form of inheritance.
While around 30 per cent of people surveyed stated they would use inheritance specifically for retirement, 36 per cent planned to add it to a savings account, while others would use it for a mortgage or holiday.
