Pen­sion pot dip­pers

Evening Telegraph (First Edition) - - Uk World Today -

ONE in five par­ents with adult chil­dren have dipped into cash orig­i­nally in­tended for their pen­sion to help their off­spring, a sur­vey found.

Some 19% of those sur­veyed had taken money out of their pen­sion fund or sac­ri­ficed sav­ing for their re­tire­ment to help their chil­dren fi­nan­cially. A fur­ther 19% have also made cut­backs to their lifestyles to pass cash to their kids. Mean­while, 59% of those who have lent money to their off­spring have later de­cided to write off some or all of the debt.

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