A new survey reveals that nearly three in 10 (29%) UK adults – 14.6 million people – will share a total of £23.28 billion in bonuses awarded in the first quarter of this year and December 2014.
This equates to £1,663 per person. However, over 45,000 people expect to receive more than £50,000 each. In total, nearly 137,000 people will receive over £10,000.
More men than women are in line for bonuses with 32% of men saying either they had or expected to receive a bonus and only 24% of women.
The age group most likely to be in line for a bonus was the 35-44s, of which 38% said they had or would receive one. Other groups included 25-34 (33%); 45-54 (26%); 18-24 (20%) 55-64 (19%) and 65+ (18%).
Of those adults who have or expect to receive a bonus, two thirds say they will invest or save at least part of it, and 55% intend to put at least part of their bonuses into an investment ISA.The findings are from the online investment platform Rplan.co.uk, which offers retail investors access to over 2,000 funds as well as pre-selected investment portfolios based on levels of risk.
Stuart Dyer, Rplan.co.uk’s CIO, said:“People’s individual circumstances are all different of course but those who are lucky enough to receive a bonus before the end of the ISA season in April should certainly consider saving as much of it as they can within a tax-free wrapper. They should also weigh up the benefits of investing in financial markets, which over the longer term should give much better returns than the interest on savings accounts.”
As well as providing access to well over 2,000 funds for retail investors, Rplan offers four pre-selected portfolios with different levels of risk.
