Cost of Raising a Child Calculator
Use a UK average annual cost to estimate what it takes to support your child to age 18.
Calculate the Remaining Cost
Source: CPAG / Liverpool Victoria (LV=) UK averages.
Cost of raising a child calculator guide for UK families
WeCovr's cost of raising a child calculator helps UK families estimate remaining costs to age 18, using indicative information prepared by WeCovr, an FCA-authorised insurance broking firm with over 900,000 policies issued across multiple classes of insurance. across protection products. WeCovr also supports private medical insurance UK planning, while this guide explains child cost planning.
What this child cost calculator estimates
The calculator estimates remaining costs to age 18 using an average annual cost figure.
It is a planning estimate and does not include inflation or regional variation.
Projects remaining years of cost.
Uses a UK average annual figure.
Highlights total remaining cost.
Why costs vary by family
Childcare, housing, and education decisions can significantly change the total cost.
Planning for inflation and milestones
Costs typically rise over time, especially during schooling and teenage years.
Why WeCovr supports family protection
WeCovr is an FCA-authorised insurance broking firm and has high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, we can help you access private health cover through a trusted PMI broker.
Data sources and guidance references
This guide references CPAG and LV= cost-of-child benchmarks.
Child cost planning examples
| Child age | Years remaining | Annual cost | Notes |
|---|---|---|---|
| Age 2 | 16 years | £12,500 | Long horizon |
| Age 8 | 10 years | £12,500 | Midpoint |
| Age 15 | 3 years | £12,500 | Short horizon |
Related WeCovr resources
FAQs
Does this include inflation?
No. It uses a static annual cost estimate.
Do costs vary by region?
Yes. Housing and childcare costs differ across the UK.
Does this include university costs?
No. University costs are separate and not included here.
Is this financial advice?
No. It is an informational estimate only.