UK Wedding News
01/10/2014
That is according to new research by Prudential, which also revealed that the reason so many keep their wages a secret is so they can treat themselves.
More than 1,850 people, aged 40 and over, took part in the survey over 25% said hiding the true amount of their earnings was important for them to maintain their independence.
One in five said they were secretly hiding money incase they ever separated from their partner, while 6% said they were using the money to fund another partner or family.
However, as a quarter of those polled said they hid money so that they could buy presents for their partner. A further one in five admitted they were also saving up for a surprise dream holiday; while a third confessed they deliberately lied about their earnings, so that they could build up secret savings. Surprisingly, when it comes to secret money stashes, one in five said they had put away an average of £20,800 without their partner's knowledge, while an honest one in eight admitted they didn't believe their other half would spend their money wisely.
Speaking to the Daily Telegraph, Vince Smith-Hughes, a retirement income expert at Prudential, explained: "The reasons for keeping quiet may seem perfectly valid, and coming clean may result in some awkward conversations, but couples should be very wary of keeping elements of their finances secret from each other.
"For example, by putting aside secret savings with the intention of funding retirement you could be missing out on vital boosts, such as pensions tax relief."
(JP/CD)
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1 In 7 Couples Hide Their Earnings
One in seven middle-age couples admit they actually hide the true value of their salary from their other half.That is according to new research by Prudential, which also revealed that the reason so many keep their wages a secret is so they can treat themselves.
More than 1,850 people, aged 40 and over, took part in the survey over 25% said hiding the true amount of their earnings was important for them to maintain their independence.
One in five said they were secretly hiding money incase they ever separated from their partner, while 6% said they were using the money to fund another partner or family.
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However, as a quarter of those polled said they hid money so that they could buy presents for their partner. A further one in five admitted they were also saving up for a surprise dream holiday; while a third confessed they deliberately lied about their earnings, so that they could build up secret savings. Surprisingly, when it comes to secret money stashes, one in five said they had put away an average of £20,800 without their partner's knowledge, while an honest one in eight admitted they didn't believe their other half would spend their money wisely.
Speaking to the Daily Telegraph, Vince Smith-Hughes, a retirement income expert at Prudential, explained: "The reasons for keeping quiet may seem perfectly valid, and coming clean may result in some awkward conversations, but couples should be very wary of keeping elements of their finances secret from each other.
"For example, by putting aside secret savings with the intention of funding retirement you could be missing out on vital boosts, such as pensions tax relief."
(JP/CD)
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Angelica Ross Learns Of Boyfriend's Secret Life
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Susanna Reid's Mother's Day Plans
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