Holiday Lettings news - Almost 50 per cent of British workers invest in property rather than pensions

Almost 50 per cent of British workers invest in property rather than pensions

New research reveals that almost 50 per cent of British workers are using property as an alternative to a conventional pension. Investment in property is seen as a safer option by many.

Investment in property is proving a popular alternative to pensions, it has been revealed. New research by employee benefits provider B&CE Benefit Schemes shows that 44 per cent of British workers have chosen property investment in order to save for their retirement.

The most common reason behind this trend is that property investors think that they will have more control over their investment this way. However, 12 per cent of those choosing to invest in property did so because they don't trust pensions.

Overall 18 per cent of workers are saving for their retirement in some way other than contributing to a pension. The main reasons why workers are using alternatives to pensions were found to be: perceived tax advantages; control; flexibility and return. Alongside property, ISAs were the most popular alternative form of saving for retirement.

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