A father of three has said he plans on saving for his youngest son's future and will aim to put aside £30,000 by the time he is an adult. David Margett says he is less concerned about his children's inheritance and wants to help them get onto the property ladder and through university.
Mr Margett, 59, who lives in Westerleigh, South Gloucestershire feels saving money for his son's is a wise investment, in light of the cost of living crisis. However, many parents in the South West have said they expect their childrens lives to be harder than their own with 10 per cent of parents in the region also planning to save between £30,000 and £50,000.
Mr Margett, whose eldest two children are already grown up, said: "I feel my children are better off becoming independent and responsible through a good education than having it (inheritance money) when they are in middle age.
