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Thursday, 17 April 2008

Parental Handouts

Research from independent financial adviser, Heartwood Wealth Management, said 5.5 million British parents have given £116 billion to their to their children to help get them onto the property ladder, with an average contribution of £20,921 per child.

Over 150,000 parents have already given their offspring over £100,000 to help in the purchase of their homes. Or offset a little bit of tax..

Of those parents who have extended their wallet, 10% expect it back.

Puts you off having children..

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