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The Bank of Mum & Dad

In the UK parents risk running out of retirement funds as they dip into their pensions to help ch...

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14.53 27 Aug 2019


The Bank of Mum & Dad


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14.53 27 Aug 2019


In the UK parents risk running out of retirement funds as they dip into their pensions to help children onto the housing ladder. The Bank of Mum and Dad in the UK will hand out £8.3billion in 2019, at an average of £24,100, according to research. Have you financially helped family members? Maybe you couldn’t have bought your home without a parental helping hand. Susan chats to Paul Merriman, Financial Consultant, askpaul.ie and hears from listeners


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