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UK population in line for £23bn in bonuses

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16/02/2015
A survey released today by online investment platform Rplan.co.uk has revealed that 14.6 million UK adults are due to receive a combined total of £23.28 billion in bonuses, awarded in the first quarter of this year and December last year.

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.

Men are more likely to be in line for bonuses than women, with 32 per cent of men saying either they had or expected to receive a bonus (compared to only 24 per cent of women).

Adults aged 35 – 44 were most likely to be in line for a bonus, of which 38 per cent said they had or would receive one. Other groups included 25-34 (33 per cent); 45-54 (26 per cent); 18-24 (20 per cent) 55-64 (19 per cent) and 65+ (18 per cent).

Of those adults who have or expect to receive a bonus, two thirds say they will invest or save at least part of it; 55 per cent intend to put at least part of their bonuses into an investment ISA.

“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,” Stuart Dyer, Rplan.co.uk’s CIO, said. “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.”

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