Chartered Financial Planner based in the UK.
Contact: [email protected]

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Average financial NET WORTH breakdown by age and by household of the UK!

We look at the median and average net worth, breaking it down to private pension wealth, property wealth, financial assets and physical assets of the UK.

Its incredibly difficult to know whether what we are saving or have saved is sufficient when it comes to both our personal savings and our retirement planning and we often cant help ourselves in thinking about what our peers or colleagues are doing.

Although its vital that you focus on your own position and your own objectives when it comes to yours and you family’s life it is interesting to see what the average and median savings and net worth is across the UK.

We’ll be using the statistics from the ONS’ Wealth and Assets Survey and tables by Nimblefins to identify what the total household savings is, what the savings rate is and the what the average and median household and individual wealth is by age in the UK. It paints an interesting picture and one that we can easily see where we are personally in relation to these numbers. It should be seen for what it is as this is UK wide and therefore the standard of living and required assets will vary depending on where you are in the country and your very own specific situation.

PLSA Retirement Living Standards:

https://www.retirementlivingstandards...

ONS Website:

https://www.ons.gov.uk/

Money Helper Website:

https://www.moneyhelper.org.uk/en

Nimblefins Website:

https://www.nimblefins.co.uk/

🗒 Please note:

The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.

All references to taxation are based on my understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances.

This channel is for information and education purposes only. Any information or guidance given does not act as financial advice. Please consult a financial adviser if you are unsure in anyway.

Keep in mind that the value of your investments can go down as well as up, so you could get back less than you invest.


⭐ My aim is to provide education and guidance to help individuals understand pensions, investments and protection.

#ukpensions #retirementplanning #uknetworth