One in five grandparents save for grandchildren, one in 12 still save regularly for their children
Average saving adds up to more than £13,000 by the time the child is 18
Grandparents in the North East and Yorkshire are the most likely to save for family.
Looking after loved ones is a key concern of people over 50.
Many are keen to see their loved ones benefit from their money while they are still alive rather than wait to leave it as an inheritance.
According to research from Saga Investment Services gifting is not just for Christmas.
One in five grandparents save regularly for their grandchildren, putting away on average £62 a month, this adds up to almost £13,400 before grandchildren reach their 18th birthday.
People in the North East are the most likely to be saving regularly for their family with one in four saving regularly for their grandchildren.
This compares to London where only one in six make regular savings for their grandchildren.
