Quote:
Originally Posted by Hugh
Millionaires as in assets, or disposable income?
If you are retired, with a house worth £500k, and a pension pot of £500k (which gives an annuity of £23k per year), that makes the household worth a million, but pretty sure they are not living a "millionaire's" lifestyle...
Btw, I do agree with you that it needs to be more targeted.
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They always have the option to downsize to release a lot of capital. Rattling around in a big house with empty bedrooms, with high heating bills makes no sense. There's enough young families out there needing such property.