Skip to main content

Younger generations to inherit 'more than predecessors', research suggests

09 Jan 2017

Younger generations are set to inherit more money than previous generations, according to research published by the Institute for Fiscal Studies (IFS).

The data revealed that between 2002/03 and 2012/13, the wealth of the older generation increased by 45%. The think tank suggested that this could have been due to an increase in home ownership and rising house prices.

As a result, more money than ever before may be passed down to younger generations.

However, the IFS warned that the amounts that young people receive will be 'unequal' due to the fact that the richest half of elderly households currently holds 90% of the wealth.

Commenting on the matter, Paul Johnson, Director of the IFS, said: 'About half of people will inherit little or nothing, whereas the other half are going to inherit quite a lot.

'And that will matter increasingly as younger people are not able to get on the housing market themselves, and not accumulating occupational pensions.'

100% Client Satisfaction Guarantee

At Arlington we love what we do. As proof of this, our staff will do everything to ensure that you receive the best, most reliable and professional service on the market.

LEARN MORE

Happy Clients

  • "Arlington offer sound business advice and have helped us to increase our turnover this year, whilst reducing our tax bill."
    Mr J McGillivray JM Yachting Limited.
  • "A big thank you to David and the rest of the team at Arlington. Always friendly and reliable. My accounts are dealt with quickly and efficiently and most importantly accurately. Something that wasn't happening when I was tying to produce them myself."
    Mr A Gilchrist Warrior Contracting Limited
  • "With our company growing, we are always getting into various situations where Arlington Accountants are always happy to offer us advice and guide our business to ensure more profits and lower tax payable".
    A. Elber - Director - Circuit Clubbing
  • "Its important to us to have the same people dealing with our affairs from one year to the next. Arlington Accountants take a very personal approach and offer great money saving advice."
    J Sheen - Director - Hambrook Holiday Park Limited
  • "Give Arlington a call now, you will not be wasting your time. They will improve your tax affairs and help you to change your mindset and lifestyle sooner than you think is possible".
    A. Elber - Director - Circuit Clubbing

View our client testimonials