UK cohabitees have greater financial risk, as confusion reigns over legal and benefit entitlements
Back to Topic
Click to Print
Useful Websites
Glossary Term Selection
This article is 8 years old.
Click here to view the latest articles for this topic.
- Half (51%) of cohabitees think government benefits are biased in favour of married couples
- But confusion persists among cohabitees around their legal entitlements: nearly one in five (19%) wrongly believe they are eligible for bereavement benefit
- Over a third (36%) do not know that the Marriage Allowance exists
- A third (33%) of cohabitees have not yet named the beneficiary of their pension
- Cohabitees’ finances are in poorer health than married couples, with lower incomes and less savings
- Three quarters (74%) of cohabitees do not have a will and 64% have no life insurance
- One in ten (10%) cohabitees also admit to only being with their partner as they cannot afford to separate
Nearly two million UK cohabitees (51%) say government policies are weighted in favour of married couples, but many are still confused about the financial risks they are running, Aviva’s Family Finances research shows.
Measures such as the Marriage Allowance and Inheritance and Capital Gains Tax breaks are per...
Want to see the rest of this article?
Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?
- Useful related articles
- Video and multimedia references
- Statistical information and reference material
- Glossary of terms
- Key Facts and figures
- Related assignments
- Resource material and websites
