According to GoCompare.com nearly one in 10 (8 per cent) say they face financial trouble without future inheritance money. Around 6 per cent say they do not have to save for the future, because they will eventually inherit cash, property or other assets. 

A third (33 per cent) expect that either they or their partner will inherit money or property of some value, with two fifths (41 per cent) saying that their household expects to inherit more than £50,000. A quarter of those surveyed said that their household was expecting to inherit more than £100,000.

Though more than two fifths (43 per cent) said that inheriting money would be helpful but not necessary, only one in 10 (13 per cent) would rather their parents or in-laws spend their money on themselves than pass it on.

Matt Sanders, money spokesperson for Gocompare.com, said: “For most of us, inheriting money from our parents or grandparents is something we’d rather not think about, due to the circumstances surrounding it. But for some it seems the amount that they may inherit isn’t just an active consideration, it’s a retirement plan.

“One of the things that this research has uncovered is the lack of planning some of us are doing for the future. Only two out of five (40 per cent) said they have been putting money aside, with just a fifth (21 per cent) stating that they are confident that they will be financially secure in retirement.

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“Though squirrelling money away for retirement may not seem like the most exciting thing to do with our hard-earned cash, especially for those for whom retirement is a long way off, it’s an important thing to consider as early as possible.”