Are you among the surprising number of Brits who hide savings from their partner?

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “In the long term this can be very problematic because couples won’t be able to fully grasp their financial situation,” My Pension Expert policy director Lily Megson, said per the Financial Times. “It really inhibits their capacity to achieve their retirement and can cause a great deal of stress.” Megson suggested that “lack of financial engagement or understanding” might be behind some of the bridges in communication, though others could have concerns over their partner’s “potential mismanagement of money” and storing some aside for future use or emergencies. The Resolution Foundation last year reported that up to 39 per cent of people were saving too little for retirement, though the 2012 introduction of pension auto-enrollment has had a hugely positive effect. Joanna Newton, partner at Stowe Family Law, told the paper that in older partnerships it also might be more to do with “social norms” of yesteryear meaning the man took care of finances - though divorce cases can Investment platform Moneyfarm report that Britons save £105 per month on average, though the variance is enormous depending on income levels: high-income families have an average of almost £63,000 saved, while low-income families may have an average of under £100 saved.