Peter Egan, the British actor known for his roles in the 1980s sitcom *Ever Decreasing Circles* and the more recent *Downton Abbey*, has reflected on his life, career, and financial experiences in an extensive interview. Now 79, Egan shared insights about his upbringing, early work, property investments, and views on retirement savings.
Born in 1946 and raised in Kilburn, northwest London, Egan left school at 15 before winning a scholarship to the Royal Academy of Dramatic Art (RADA). His first major television appearance came in 1969 with the series *Big Breadwinner Hog*, followed by a Bafta award for most promising newcomer in 1973 for his role in *The Hireling*. He is also known for his activism in animal rights, serving as an ambassador for several related charities.
Egan’s early life was marked by poverty and hardship. Growing up in a crowded, predominantly Irish household with his parents, siblings, grandmother, and extended family in a semi-derelict home, he recalled times when the family struggled to afford food. His father, who emigrated from Ireland in 1936, worked as a painter and decorator before becoming a quantity surveyor, while his mother cleaned houses to support the family. The family later moved to a council flat, where debts at one point threatened their housing security.
Starting work at just ten years old, Egan juggled three jobs while intermittently playing truant from school. After leaving school, he took on various jobs including making nuts and bolts, working as a draughtsman, and serving as a hospital porter before discovering his passion for acting in an amateur dramatics group. By 17, he had secured a place at RADA and soon after landed his first professional roles.
On financial matters, Egan reported today carrying about £50 in cash, although he relies mostly on credit cards, which he uses without accruing interest. Reflecting on his financial status compared to his parents’, he described himself as “a million times better off” due to the economic progress made since his childhood.
Property investment has been a significant part of Egan’s financial journey. He purchased his first home in Islington in 1969 at age 23 and went on to buy several other properties in London before moving to Surrey in 2015. He noted drastic changes in the housing market, stating that properties which were once affordable have since increased substantially in value.
Regarding retirement savings, Egan advocates a balanced approach between property and pensions, recognizing that both asset classes are susceptible to market fluctuations. While he historically favored property investment due to tax advantages and appreciation, he acknowledges the difficulty many face in entering the property market today and recommends pension contributions when possible.
Egan also shared personal details about his family, including his late wife, actress Myra Frances, who passed away in 2021 after 49 years of marriage, and his stepdaughter Rebecca Egan. He currently resides in Surrey with his dogs, maintaining a commitment to animal welfare causes.
Throughout his career and personal life, Peter Egan’s experiences illustrate the challenges and changes faced across generations in Britain, from economic hardship to evolving financial landscapes.
