• Homes for Ukraine - important information can be found here.

  • Monthly savings statements - From May we will be sending future monthly statements of electronic transactions on your savings account by email. More details on how to view your statement and the new process can be found here.

  • Following the Bank of England’s decision to raise the Bank Rate by 0.25% to 1.00% on 5 May 2022, Windfall Bond and Tracker Savings Bond rates will increase by 0.25% from 1 June 2022. We are reviewing our other variable savings rates and will notify customers of any interest rate increase on their account. Tracker mortgages will change on 25 June 2022 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage. (Notice updated 06/05/2022)

Our Intergenerational Wealth Transfer Research

How are gifts and inheritances affecting UK families?

Read about our research into how intergenerational wealth transfers are affecting UK families.

We investigated who has the ability and desire to help family and the implications for those who can’t.

Transfers of gifts and inheritances have become a major feature of UK economic life and this is set to increase in the future. These transfers have major impacts on both the gifter and the recipient in terms of how they live their lives and the opportunities available to them. 

Intergenerational report cover

What we found out

The report provided interesting insight into the effects and behaviours intergenerational gifting is having on people and the economy, such as:

  • Low interest rates and demographic changes has driven the rise in the size of wealth holdings.
  • Since the 1980's wealth relative to the size of the economy has more than doubled. 
  • More people are planning to give an inheritance or gift to another generation than are expecting to receive one.
  • The vast majority of people planning to gift or pass on inheritance own their house either though a mortgage or outright (74%) whilst only 8% of renter expect to gift or pass on inheritance. 
  • As it is increasingly harder for first time buyers to get on the property ladder, it comes as no surprise that gifters was to help their children / grandchildren buy their first home. 33% of people surveyed said this was the biggest reason for gifting and/or giving an inheritance.

To find out more on the research conducted, download a copy of the full report here.

You can also watch the webinar discussing the key findings of the report here.


Download the report

Research report conducted on how wealth transfers have had a major impact on how people live their lives and the opportunities available to them.

Watch the webinar

Watch the recorded webinar with Resolution Foundation and Family Building Society which discusses the key findings of the report.