The challenges facing the “Sandwich Generation”
It’s estimated that there are 1.3m people in the UK who care and provide financial support both for their children and older members of the family1. Understandably, this generation feels under pressure to support family members financially, and there’s growing concern that they are doing this at the expense of their own standard of living in retirement.
In this situation, advice can help address the financial needs of each generation and ensure that family wealth is managed tax-efficiently.
1ONS, Jan 2019