Saga says bank of Granny and Grandad is not all about the money

Friday 1 August 2014

Commenting on research that shows that the bank of Granny and Grandpa is likely to increase in importance, Saga's director of communications Paul Green said: "Our research shows that grandparents are already the generous generation, both in terms of financial and physical support for their children and grandchildren.

Saga says bank of Granny and Grandad is not all about the money

"Whilst Inheritance Tax is undoubtedly a consideration, for the Saga Generations and their loved ones it's not all about the money.

“Three quarters of grandparents offer childcare support to help their children work, and many also help maintain their houses and gardens – which is invaluable to many of today's working parents. So being rich is not just about money, it's also about the wealth of shared experiences between the generations – a gift that keeps on giving".

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