16/10/2026
The Bank of Mum and Dad is always open… but what about your own financial future?
Whether it’s helping with a first home, contributing towards a wedding, supporting university costs or simply giving children or grandchildren a helping hand, many of us would love to be able to support our family financially.
But before giving away a significant amount, it’s important to understand what that could mean for your own plans.
Can you comfortably afford it?
Could it affect the retirement you’re working towards?
Will you still have enough set aside for unexpected costs?
And are there any tax or estate-planning considerations to think about?
Helping the next generation can be incredibly rewarding, but it shouldn’t come at the expense of your own financial security.
Good financial planning can help you understand what you can afford to give, while keeping your own future firmly in the picture.