UK couples find money a leading cause of arguments

Couples in the UK are more likely to argue about money than any other household issue, according to a new survey.

Research carried out by Prudential found 27 per cent of couples aged over 40 admit that financial matters are most likely to make them fall out, compared to household chores at 26 per cent and socialising at only nine per cent.

Perhaps as a result of this, almost one in five of the couples questioned revealed they do not feel comfortable discussing money matters with their partner.

However, this reluctance could have serious repercussions, as 20 per cent have never had a conversation with their other half about the income they will need in retirement and a third have not discussed their pensions in detail.

Prudential's Vince Smith-Hughes said it can be tempting to push conversations about money to one side.

"There can be tangible financial benefits, however, for couples who bite the bullet and have a frank and open conversation about their plans for the future.

"Agreeing on a joint approach to pension provision could boost their overall incomes when the time comes to retire. There are also potential savings to be made from using personal tax allowances after retirement," he added.

Mr Smith-Hughes recommended talking to a financial adviser together in order to ensure that the future is provided for.

Last month, Prudential found that 15 per cent of over-40s have savings accounts or investments that they keep a secret from their partner, with some keeping the cash private because they do not trust them to spend it wisely.

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