To ask if as an adult you still get an allowance of some sort from your parents/caregivers?

[Lalala89]

Hi all,

I was listening to the radio station the other day and they had asked the above question of anyone over the age of 25.

Absolutely not meant in a negative way, but I was so surprised by the calls that came in, everything from parent's paying phone bill's to power, mortgages to lump sums yearly/monthly.

Parents paying for cars/ insurances, the caller that stuck with me was a lady who recieved $1200 a week from her mother into her children's accounts (so it wasn't taxed) as her mother wanted her grandchildren to have the best life possible.

Just interested if anyone has any stories along these lines because lockdown has me curious 😁

No allowance or anything, no. But if we go out to dinner my dad will insist on paying, he’ll pick up a certain thing I like from the shops that’s hard to get if he sees it and not accept money for it etc. My mum is similar with pet food and such as she buys it from her work at cost, sometimes she’ll take money, sometimes not. She spends a lot on Christmas and birthdays because she likes to. Things like that.

They are very, very comfortable. Not that it really makes a difference but they can afford to treat my sister and me on occasion and enjoy doing it. I try to return the favour when I can.

I know if I ever need money for anything they’d help me, though. I am happy with where I am renting but if I needed a house deposit bigger than I could afford outright I know my dad would lend it to me. I’m very lucky.

No, I think the key word here is 'adult'. Unless I was in a fix, I would not dream of taking money from parents, as I'm a responsible working adult, and live within my means.

My late Dad came into some money later on in life and would quite often transfer some to me ‘for a treat. This ranged from £20 - £1000. It gave him a ridiculous amount of pleasure to do it as he had never had money when I was younger. I appreciated every single penny.

My mum pays for one dance class for DD. It's their thing - my mum takes her and then they go for hot chocolate afterwards.

My parents also pay for us to have a weeks holiday with them every year. Normally to a caravan or something. I'd rather not but they love spending time with DD and they are both bored in retirement looking for things to do.

What is the maximum gifting allowance someone can receive.?

And no I don't get anything and wouldn't expect to, though I definitely understand the inheritance tax thing

No not a penny. When I started my first job at 16 on £30 a week, my mum took £10 off me. Of course if I was ever stuck and needed money she would lend it to me and expect it back as I would expect to pay it back! but I've never needed to ask.

No, nothing here, but am sure my dm would help me in an emergency as I would her.

I pay the phone contract for mine- it is a family bundle type thing with unlimited- taking them off would drop us to a standards tariff and so whilst it costs me for them- taking them off would save very little. We have all had the same numbers since 1998 and been on a family account since then (they are 25 and 28)

OP I noticed you said “caregiver” in your post

If an adult needs a caregiver, it’s a very different situation surely? They possibly can’t work?

No, they haven’t anything to give now.

In the past, when we were dealing with a difficult health issue, juggling hospital stays etc, they bought us our first dishwasher, which was hugely appreciated.

Now they are old and frail and not at all wealthy, I help them out when needed and if I can.

I don’t (sadly for me) but have friends that do. One friend that works in the city (early 40s), his parents still pay his monthly mobile phone bill and also have a credit card that he basically spends as he wishes and they pay off monthly- crazy! Other friends have monthly allowances. I’m a bit jealous I think!

No I never even got pocket money when I lived at home. My mum pays my car insurance in one go and I pay her back in instalments as it works out cheaper over the year but she would never give me money.

No but I know huge numbers of kidults who 's parents subsidise them.

Anything from paying for holidays, cars, huge house deposits, to simply transferring cash monthly. A lot of grand parents paying for a lot of children's costs - clothes & shoes including uniform, toys, the biggest birthday & Christmas presents (bikes, electronics etc), childcare bills etc. The people i know are open about this, they are also people who are not skint, they openly acknowledge that the handouts enable them to afford a more affluent lifestyle they expected and haven't earned enough themselves to afford.

I find it odd how entitles people are about it. I wouldn't take my parents money. I'm 34 years old, I'm responsible for myself and my kids.

My mum helped me out a few times when something big broke (washing machine etc) but it worked both ways, I paid for her new lawnmower once when she was skint. But an allowance, no way. Once I was working and left home, that was my responsibility.

Some people have lots of money.

My parents certainly did! They just didn’t want to spend it on their children!

Luxury holidays (leaving us with grandparents or just at home once my younger brother was 13) for the two of them, family holiday was always self catering in England. A card and a ten pound mothercare voucher from DF when DD was born (mother had died) but he remarried by the time I had DS so then only a card. New wife has very expensive tastes so a lot of his money has gone now but will all be left to her on his death and she will then leave everything to her cousin (she has no children).

My eldest is 19 first year uni so I still pay for everything if at all possible; as long as I have money, if I can afford it without being irresponsible, then anything I have would go to the DCs if they needed it. Its lovely to be able to treat your children or help them out.

We've lived very much day to day most of our lives but when we have cash we spend it on the DCs. My Dad used to help me out, he gave me the deposit on our house (so long ago that in fact the deposit was £2k!!), paid for double glazing and bought us a second hand car. He died more than 20 years ago, and left me enough money to pay off the credit cards and have a nice holiday. It was all he wanted to do, he loved to see me doing well and that's how I treat my DCs now, if I can help them I definitely will, even on a scale that to most would seem small.

No not as a regular thing but my parents are generous, e.g pay for meals out. Christmas gift was money towards a family holiday with them (rearranged due to CV). They gifted some money towards a deposit. The key lesson they have always taught us is that they will help us out if we are putting in work and effort ourselves e.g would never want us to have a regular allowance as then we might expect or depend on it, wouldn’t give us money for something unless we also saved for it ourselves. Likewise, I try and buy things for my parents when I can (though smaller) to show it’s appreciated.

My partner’s Granny gives each of her grandchildren £40 a month pocket money, he’s 26 and his sister is 30! She’s really well off and it makes her happy so I don’t see the issue. I did decline when she offered to include me though!

In a roundabout way. I’m a director of our family business and take dividends and benefits in kind from that.
My parents have put a house in Trust for me and DS and we take income from that.

A friend of mine bangs on about being totally self made. Parents paid for private school, uni, 6-figure deposit on property, family vacations (she's late 30s now), and she gets large cash gifts several times a year.

My parents didn’t even help me through uni. I had to open up a bank account that would let me have an overdraft that I had to max out to afford the deposit on my first student house as I was at a uni with limited halls spaces.
It does upset me slightly now seeing how much help DP has been given by his parents when mine are far better off and just chose not to

No!

My parents have helped me out several times since I became a single parent, if I had car problems etc. But an allowance, no! Would love that

When FIL died, DH stopped receiving the £200 per month direct debit that had been set up when he went to Uni... 25yrs before hand! Since his death, MIL always transfers the max tax free amount she can to each of DH, the DC and I each year. I always feel rather embarrassed by this as, whilst DH and I have been together for over a decade and, as far as I know, will continue to be together for many years more, I view it as his family's money. I always make sure "mine" is paid into then joint account.
My parents paid my rent at Uni and gave me about £200 a term and that was it. They have since lent me money on a couple of occasions at keen interest rates! I have subsequently lent them money interest free.
I did have a lightbulb moment on a night out a few years ago when the subject came up and various friends live rent free in properties owned by their parents or had six figure contributions to house deposits. Others have a new car bought for them every few years or five star holidays paid for. Another has two sisters and the mum pays for all of them to have a cleaner weekly and have various beauty treatments monthly. I suddenly realised why these friends had various luxuries in their life which their job had never quite matched up with.

Sorry if this has already been mentioned as I can not read all posts.

It is not uncommon for elderly parent(s) to release large sums of cash to adult children if they are in a position to do it. I have heard the words "why make you wait until the inheritance comes through after my death, that could be years away and you could use it now" and it has happened to members of my own family. I do it now.

If the giver gets pleasure from such kind actions then where is the harm? I suppose there will always be cases of this happening and the receiver squanders the money but unless a contract is drawn up and signed then there's not much to be done about it.

My brother still lives at home with my parents in his mid 40s, and due to a combination of mental and physical illness plus bone-idleness only occasionally earns minimum wage for short periods. My Mum insists on paying £100 a month I don’t need into my bank account as a gesture of redress for what she sees as the financial unfairness of this situation. I put it in my pension.