Interesting report about retirement lifestyle (Quilter Retirement Lifestyle Report 2025)

GazzaBloom

All very interesting but having recently retired, it feels fairly irrelevant to me. All I'm really interested in is what I need to spend in retirement and how I fund it, I don’t really care where I sit in comparison to others and don't really care what others spend. I felt the same about these reports pre-retirement and found it far more valuable focussing on my personal retirement planning than worrying about what was going on over the garden fence.

ewaste

I'm pretty sure it's saying that of those who took part in the survey and of those who had previously transferred DB to DC, 35% had done so for potential inheritance tax reasons. That makes perfect sense as it's often a reason for people to transfer out of a DB scheme.  

cfw1994

ewaste said:

I'm pretty sure it's saying that of those who took part in the survey and of those who had previously transferred DB to DC, 35% had done so for potential inheritance tax reasons. That makes perfect sense as it's often a reason for people to transfer out of a DB scheme.  

Not for too much longer when the changes to move DC pots into IHT calculations happen 🙄

JoeCrystal

cfw1994 said:

ewaste said:

I'm pretty sure it's saying that of those who took part in the survey and of those who had previously transferred DB to DC, 35% had done so for potential inheritance tax reasons. That makes perfect sense as it's often a reason for people to transfer out of a DB scheme.  

Not for too much longer when the changes to move DC pots into IHT calculations happen 🙄

I wonder how many of them would have "Buyer's Remorse" about it already. 

Albermarle

ewaste said:

I'm pretty sure it's saying that of those who took part in the survey and of those who had previously transferred DB to DC, 35% had done so for potential inheritance tax reasons. That makes perfect sense as it's often a reason for people to transfer out of a DB scheme.  

Well it says this>

Our research found that a little over a third (35%) of retirees chose to transfer out their defined benefit pension into a defined contribution pot in retirement. Of this group, 40% did so because they wanted to pass it on to family in a tax-efficient way.