Are the rich really getting richer and poor becoming poorer?

Dec 06, 2019, 04:17 PM
The combined wealth of British households is up 13 per cent between 2016 and 2018 - with the average standing at £286,600.

But it's not all about house prices. In fact, the bulk of the rise is thanks to private pensions rather than property inflation, according to the Office for National Statistics.

And it says that despite plenty of election claims to the contrary the rich aren't getting richer - but does that claim stack up? 

On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost delve into the figures and ask: is financial inequality growing?

We look at whether a reader can retire at 58 with a £6,000 pension – but £420,000 in a savings account.

Meanwhile, as Vanguard reveals details of its new self-invested personal pension is this now the best home for cheap and easy retirement savings outside of the workplace?

On the not so bright side for investors, M&G has suspended trading on its commercial property fund as savers dash for their cash.

And finally, away from the serious stuff, we ask do you have to pay inheritance tax on a stamp collection - and just how much do you need to hold in Premium Bonds to have a strong chance of winning a £1million jackpot prize.