Making plans to start a family or increase your existing family can be a joy. And on a practical level, expenses can go up while your income drops if you take time off work.
Usually one or both parents will take some time off work when a new baby arrives. While a reduction in income can present obvious short-term challenges, there can also be impacts on your long-term financial position.
We’re here to help you look ahead and be financially prepared for all that comes with growing your family, which could include:
Explore your options with the help of an expert.