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One in four adult children who have taken money from the Bank of Mum and Dad received more than £10,000, new research shows.
While some used the cash to help them get on the property ladder, more adults are getting parental help with their day to day expenses according to the research from savings app, Spring.
Of the 2,001 adults polled, 15 per cent said they lean on their parents for financial support.
The average amount received, whether as a lump sum or over time, was £11,241.
While a third received between £1,000 and £4,999, 18 per cent say they got between £5,000 and £9,999.
Climbing up the ranks, around 16 per cent said they received between £10,000 and £24,999, while almost 9 per cent get between £30,000 and £50,000.
Around 0.3 per cent said they received £50,000 or more from their parents.
In 2025, the Bank of Mum and Dad's total gifts amounted to £8.3billion according to Savills
What are the gifts being used for?
A quarter of the adults surveyed said their parents helped them with the cost of housing.
However, a larger 40 per cent said they used the money to cope with wider cost of living pressures, such as paying for bills or transport.
When asked about the help they had received most recently, six per cent of adults said their parents had helped them with a house deposit, or that they expected them to do so soon.
Another six per cent said they had recently been helped with mortgage or rent contributions.
Derek Sprawling, head of money at Spring, said: 'Many people associate the Bank of Mum and Dad with helping younger family members onto the property ladder, but these findings show the scale of support being provided can be significant.
'For those fortunate enough to receive financial help, it can accelerate progress towards major life goals such as buying a home or building financial stability.'
The Bank of Mum and Dad handed out £8.3billion in 2025, according to data from Savills.
Tax rules if you gift money to your children
Gifting large sums to your children comes with the risk that your estate will become liable for inheritance tax on them, if you die within seven years.
Most estates don't pay this at the moment, but more are set to be drawn into the net from April 2027 when unspent pension pots become liable for the tax, dragging more people above the tax-free threshold of £325,000.
Inheritance tax is levied at 40 per cent on the part of an estate that’s above that threshold.
For inheritance tax purposes, your estate includes your home, savings, investments, valuable personal items such as jewellery and, from 2027, unspent pension pots.
Everyone gets a gifting allowance of £3,000 per year which is free of tax. You can also make wedding gifts of £5,000 to a child and £2,500 for a grandchild, tax-free.
Larger gifts can also be free of inheritance tax, but only if you live for seven years after making them.
If you die within that time, you will pay tax on a sliding scale depending on the time that has elapsed between the gift being made and your death.
It starts at the full whack of 40 per cent if it's within the first three years, reducing to 8 per cent if it’s between year six and seven.
Find out more using This is Money's guide to inheritance tax.