Quilter report shows UK retirees spend 17% of budgets on family support, topping groceries

• Quilter’s 2026 Retirement Lifestyle Report flags faster growth in UK retiree family support spending than essentials, including groceries.
• Average retiree gives GBP 2,272 a year to relatives; spends GBP 2,250 on education support; 17% of annual spending.
• Total retiree spending estimated at GBP 368.7 billion a year; average GBP 27,159, up about GBP 5,000.
• Policy risk reshapes planning: 39% cite politics in inheritance tax decisions; planned April 2027 IHT inclusion of unused pensions drives earlier drawdowns.
• Consumer confidence risk persists: 60% worry about maintaining living standards over the next year; income up 1.2% year on year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on September 17, 2026, and is solely responsible for the information contained therein.