Topic: Bank of Mum and Dad

Bank Of Mum And Dad

Bank of Mum and Dad shrinks as more than one in ten retirees cut back on gifting

Inheritance Tax

IHT on unused pension funds to create gifting risks for Bank of Mum and Dad

First-time Buyer

Bank of Mum & Dad paid out £9.6 billion in gifts and loans in 2024

First-time Buyer

Fewer first-time buyers securing deposits from the Bank of Mum and Dad

Mortgages

Bank of Mum and Dad now funding over 10% of buyer deposits

First-time Buyer

Bank of Mum and Dad going to greater lengths to help first-time buyers

Later Life

Bank of Mum and Dad flips as over half of adult children set to financially support parents