The best financial advice for every stage of your child’s life

What is the estimated cost of providing a minimum standard of living for a couple until their child turns 18?

• £160,000

• £210,000

• £34,600

• £45,600

What is the estimated cost of providing a minimum standard of living for a lone parent until their child turns 18?

• £160,000

• £210,000

• £34,600

• £45,600

What is the recommended age to start saving for your child?

• When they turn 10

• When they turn 16

• When they turn 18

• When they are born

What is the maximum amount that can be saved per tax year in a Junior Isa?

• £5,000

• £9,000

• £15,000

• £20,000

Which type of Junior Isa is recommended for long-term investment?

• Cash Junior Isa

• Stocks and Shares Junior Isa

• Both are equally recommended

• Neither is recommended

What is the potential nest-egg amount after 18 years of saving £50 per month in a stocks and shares Junior Isa with 5% annual growth?

• £17,500

• £34,600

• £62,470

• £67.5m

What is the average loan debt forecast for students who started their course in 2022-23?

• £149.80

• £45,600

• £62,470

• £67.5m

What is the average amount put down as a deposit by first-time homebuyers in 2022?

• £149.80

• £45,600

• £62,470

• £67.5m

What is the purpose of setting up a pension for a child?

• To access the money at age 18

• To provide financial support during retirement

• To mitigate inheritance tax burden

• To pay for university tuition fees

What is one way grandparents can financially assist their children?

• Helping with childcare

• Paying for university tuition fees

• Contributing to the deposit for a first home

• Setting up a pension for their grandchildren