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Wednesday, January 30, 2019

Who wants to be a millionaire?

Getting there could be easier than you think – but you’ll need to start young!

The analysis found that parents or grandparents contributing £2,880 per year (£3,600 after tax relief) until their children turn 18 years old could create a pot of £1,021,837 by 2061. The figure assumes a total contribution of £51,840, a growth rate of 8% per annum, and is net of product charges.