Cost Detailer Table:
Pack | Entry fee | Service fee + Rent fee + Account fee per month | Total fees month | Total fee per Child / month | Total fees for all Children / month | Total fees per Child / year | Total fees for all Children / year | Total fee per Child / 24 years | Total fees for all Child / 24 years | ||
1 | £100.000.- | £1.990.- | £690.- | £36.60.- | £2.716.- | £2.716.- | £2.716.- | £32.592.- | £32.599.- | £882.380.- | £882.380.- |
2 | £180.000.- | £3.500.- | £690.- | £36.60.- | £4.226.- | £2.113.- | £4.226.- | £25.356.- | £50.719.- | £698.630.- | £1.397.260.- |
3 | £250.000.- | £5.000.- | £690.- | £36.60.- | £5.726.- | £1.908.- | £5.726.- | £22.896.- | £68.719.- | £633.086.- | £1.899.260.- |
4 | £340.000.- | £6.500.- | £690.- | £36.60.- | £7.226.- | £1.806.- | £7.226.- | £21.672.- | £86.719.- | £605.315.- | £2.421.260.- |
5 | £400.000.- | £8.000.- | £690.- | £36.60.- | £8.726.- | £1.745.- | £8.726.- | £20.940.- | £104.719.- | £582.652.- | £2.913.260.- |
6 | £450.000.- | £10.000.- | £690.- | £36.60.- | £10.726.- | £1.787.- | £10.726.- | £21.444.- | £128.719.- | £589.876.- | £3.539.260.- |
7 | £520.000.- | £12.500.- | £690.- | £36.60.- | £13.226.- | £1.889.- | £13.226.- | £22.668.- | £158.719.- | £618.465.- | £4.329.260.- |
8 | £580.000.- | £14.000.- | £690.- | £36.60.- | £14.726.- | £1.840.- | £14.726.- | £22.080.- | £176.719.- | £602.657.- | £4.821.260.- |
9 | £630.000.- | £16.500.- | £690.- | £36.60.- | £17.226.- | £1.914.- | £17.226.- | £22.968.- | £206.719.- | £621.251.- | £5.591.260.- |
10 | £650.000.- | £18.000.- | £690.- | £36.60.- | £18.726.- | £1.872.- | £18.726.- | £22.464.- | £224.719.- | £604.326.- | £6.043.260.- |
Why is this table important?
Because, of the latest news: https://www.lv.com/life-insurance/cost-of-raising-a-child
“…According to the CPAG, the cost of raising a child (excluding housing, childcare and council tax) from birth to 18 is now:
- £160,692 for a couple family
- £193,801 for a single parent/guardian…”
£160.692 : 18 years = £8.927.33.-
£8.927.33 x 24 years = £214.255.- the cost of raising a child.
This is the cost you will have to pay if you have child. This is just enough to get the basic knowledge.
This amount is only sufficient to raise a child growing up in families drifting to the edge of society.
Everyone wants the best for their child.
This is not question.
The cost of raising a Pantomath child: £882,380 for the same period.
The difference between the two: £882,380 – £214.255 = £668.125.- for 24 years.
If you plan your child’s life before you want to become a parent, here is the amount you can use to calculate what your child will become by the time he/she turns 24: