Landlords are predicting that their BTL property will support half their pension income. Five hundred landlords were asked to predict what annual retirement income would come from their rental properties by Platinum Property Partners. Their average 'guess-timate' was £19,785.
According to their predictions, their BTL property would bring in 56% of their overall annual retirement income, which they hoped to be £35,600, with £15,815 of that coming from other investments, savings and pension payments.
This projected pension income compares with the £19,300 that the ONS put as the figure for UK average pension income.
At this level, landlords are predicting they will be nearly twice as well off in their retirement than the national average.
Bon voyage!
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