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The high cost of bringing up children in Jersey

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THE average cost of bringing up a child in Jersey is almost £450,000 – nearly double the UK figure, according to new estimates.

It was recently revealed that bringing up a child from birth until their 21st birthday in the UK costs £222,000.

However, a financial adviser in Jersey estimates that to be nearer half a million pounds for parents in the Island who send their children to fee-paying schools and fund them through university.

The full story - including a breakdown of the estimated costs - is in today's JEP.

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