Average annual cost of raising a child in the UK hits over £33,500
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Families in the UK spend on average £369 annually on transportation to and from school, and the total cost of sending a child to state school averages over £33,500. Additional expenses include £186 per year per child on uniforms and shoes, £379 per year on packed lunches and school meals, and £59 per year per child on sports kits. Over a quarter of parents have purchased an educational tablet for their children. Out of school care costs average families £558 per child per year. Having the right family protection in place, such as income protection or critical illness coverage, can provide peace of mind for parents that their family's lifestyle can continue with as little disruption as possible should unfortunate circumstances occur.
