Money Minder UK

« Return to news section
Gifting generation: How older family members have been supporting younger generation through the pandemic #FridayReads

In Brief: Gifting generation: How older family members have been supporting younger generation through the pandemic #FridayReads

Friday, 19 March 2021

5.5 million older family members expect to provide additional financial support to younger members as a direct result of COVID-19, according to new research[1]. 15% of the older generation estimate they will provide an additional sum of £353 in financial aid, meaning £1.9 billion could be given to younger family members needing financial support through the pandemic.

Full article »

« Return to news section
Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.