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Over a half of over-50s in the UK wish they had a nest egg for their retirement – a wish that buy-to-let could make come true.

According to The Savings Outlook Report from Alliance & Leicester Savings, more than eight out of ten people over 50 say they are still saving for their retirement, and almost half regret not giving enough thought to their finances when they were younger.

There is, of course, a simple solution to this problem. Buy-to-let investment could be just the ticket for millions of people looking for something to boost their golden years.

The report found that 42% said they are making, or have made, sacrifices to help ensure they enjoy a comfortable retirement – there is no need. With buy-to-let that works, the sacrifices are minimal: making sure your property is ticking over, making sure your tenants are happy and making sure your mortgage is working.

Hetal Parmar, manager for savings at Alliance & Leicester, says: "Aside from the confident few, ‘Silver Savers' are concerned about their retirement nest egg and the effects of the current economic climate. A significant number say that they have yet to accumulate a comfortable financial cushion for their retirement and are living prudently now so that they can afford to maintain their standard of living later on."

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