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Brits invest more in property than pensions

Britons invest an average £34 in home improvements per week while the weekly pension contribution is 89 per cent less at just £18, according to new research.A study carried out by the Rated Tradesmen website revealed that while nine in ten UK adults say they are 'very conscious' of the need to save up for retirement, 48 per cent have no pension plan. Seventy-three per cent of respondents said instead that they were planning on selling their home to fund their future.With an eye to reselling, in the last six months, 85 per cent of Brits have employed one or more tradesmen to carry out value-adding home improvements.Scottish homeowners were the biggest investors in renovations, forking out £45 per year to improve their houses, while Londoners were the least likely to spend on their property, only affording £29 a year on average for improvements.Andrew Skipwith, founder of Rated Tradesmen, commented: "Whether you need a plumber, builder, gardener or carpenter, it's so important you find the right one as you're trusting them with your most valuable asset - your home. A bad one can depreciate your home's value, whereas a good one can vastly improve it."

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