Anyone with children knows that childcare is a major expense that comes in many forms, from day nursery for small pre-school children and babies, after-school clubs and child minders, to school holiday cover for working parents. Care requirements span many years and often eat a good chunk out of a family’s income.

Faced with exorbitant childcare bills, it’s no surprise that many parents are turning to their own parents for assistance. Research5 has revealed that a massive 85% of grandparents offer some kind of support with childcare. UK grandparents spend an average of eight hours a week caring for their grandchildren, saving families an astounding £22bn every year, which works out at an average of £4,027 per family.

5SunLife, 2019

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