London: A quarter of British parents are cutting pension saving to fund their children's education, a poll shows.
Some 23 per cent of 1,983 adults polled by YouGov say the cost of learning -whether extra tuition, university fees or private education - is having a negative impact on their ability to save for retirement.
They are diverting an average £57 (Dh412) per month from their pension for education, while some are holding back as much as £300 a month, according to the research for MetLife.
Education costs rose 13.2 per cent last year, according to the Office of National Statistics, compared with an increase in the headline consumer price index of just 2.1 per cent.
Some 565,000 pupils in England attend independent schools, at an average cost of £9,000 per year, data from the Independent Schools Council shows.
Page last updated 01 January 2020