Retirement: 6 things you must think about before giving money to your grandchildren

Series on money The introduction of Pension Freedom has combined, with the rising cost of university fees and house prices, to mean that a growing number of grandparents are giving money away to their grandchildren. Indeed, according to new research from LV=, the average grandparent has already given away £1,633 and plans to top this up with a further £2,938 in the future, with 1 in 20 having already given away over £10,000. Of the grandparents who have helped their grandchildren 25% took the money from their pension, potentially impacting on their ability ...