Nearly a third of UK adults have dipped into their savings in the last year to cover shortfalls in their income, according to a survey by investment firm Schroders. Savers have taken out an average of £4,600 each, totalling £60bn, as the record low in interest rates means fewer returns on prudence. People nearing retirement are the most likely to raid their savings accounts, said the survey. “The amount of capital being drawn down suggests that it is not just rainy-day funds that are being drained, but a significant proportion of individuals' long-term savings,” said Robin Stoakley of Schroders. Around 34 of per cent of women will spend their savings, compared to 28 per cent of men.