Safeguarding Your Future Survey

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Presentation transcript:

Safeguarding Your Future Survey October 2018 Job Reference: 333518

Incidence of Planning Ahead to Safeguard Future (Base: All Adults 18+; n=1,009) I have a Will, which sets out my wishes on distribution of my estate after I die I have a personal pension (or comparable income scheme) in place to finance my life & well-being after retirement I am aware of what an advance healthcare directive is I have discussed my preferred place of care (at home or nursing home) with family or friends (or my Attorney under an Enduring Power of Attorney) for if I developed a serious or long-term illness I am aware of the Think Ahead guide to planning your affairs in the event of an emergency, serious illness, or death I have legally nominated a trusted person or persons in my family, or trusted friend to be my Attorney (under an Enduring Power of Attorney) to make decisions about me & my finances if I become unable to manage them myself None of these 48% Half of the population (52%) have taken at least one of the six suggested actions to safeguard their future. Taking out a will is the most common action, followed by having a personal pension. Only 6% have nominated an Attorney to make decisions for them, if they become unable to do so themselves. (Q.1)

Incidence of Planning Ahead to Safeguard Future? X Demographics Significantly higher vs total Significantly lower vs total Incidence of Planning Ahead to Safeguard Future? X Demographics (Base: All Adults 18+; n=1,009) TOTAL Gender Age Social Class Region Male Female 18-24 25-34 35-44 45-54 55-64 65+ NET: ABC1 NET: C2DE Dublin ROL Munster Conn/ Ulster Base size 1009 494 515 101 192 212 182 141 424 525 283 262 I have a Will 27% 31% 23% 6% 9% 10% 26% 45% 65% 33% 22% 28% 25% I have a personal pension 17% 3% 18% 36% 38% 12% 29% 21% 20% 19% I am aware of what an advance healthcare directive is 11% 13% 15% 5% I have discussed my preferred place of care 8% 4% 7% I am aware of the Think Ahead guide I have legally nominated a trusted person or persons in my family None of the above 48% 42% 54% 73% 67% 60% 34% 35% 57% 40% 51% 52% (Q.1) Females, younger age groups (18-44) and lower social grades are less likely to have safeguarded their future.

Key Insights Almost half of the Irish population do not have any of the mentioned safeguarding actions in place. This is particularly the case for younger age groups (18-44) but also lower social classes and females. Wills and Pensions are the most used Safeguarding actions, while few have appointed an Attorney to make decision on their behalf, if becoming unable to do so themselves.