Latest News and Events

Renting Our Lifestyles

If your income suddenly stopped, how long would your savings carry you through or would you immediately have to make drastic changes to your lifestyle? That’s the question that a new survey by Legal & General sought to answer, and its results make interesting reading.

According to the survey the savings pot of the average UK employee would tide them over for just thirty-two days, against a recommended target of three months. Those from Northern Ireland appear to be the canniest savers with thirty-six days of cash locked away whilst in Wales savings pots would last just twenty-six days. In the south-west we are right on the average at thirty-two days.

Commenting on the survey Richard Kateley from L&G said “We merely rent our lifestyles and we pay each month for it through our earnings. Take away those earnings and it may not just be your house that you are thrown out of, but your entire lifestyle.”

If you’re looking for pensions or investment advice, or if your situation has changed and you may therefore need to review your existing investments, contact Beckworth by using one of the links on our website.