Published:
Working Mums Short Changed on Me-Time
LONDON, November 21 /PRNewswire/ -- The average Great British mother can
expect less than an hour and a half each day to themselves according to
leading Child Trust Fund provider, The Children's Mutual
(http://www.thechildrensmutual.co.uk/).
The average full-time working mum is even worse off with less than an
hour a day of 'me time' - which is defined as quality time spent awake,
without worrying about the stresses and strains of the daily grind!
Unsurprisingly, nearly three quarters of these women felt that this was
insufficient.
Mums with part-time jobs fair slightly better than their full-time
colleagues, with an extra 24 minutes a day. Those staying at home full time
only gain another 20 minutes on top of this - a princely average of one hour
and 42 minutes a day.
The Child Trust Fund provider found that the majority of mums prefer to
spend their 'me time' relaxing by reading a magazine or book, closely
followed by watching a film - although with less than 90 minutes to dedicate
to themselves it is unlikely that they will get to see the end. Younger mums
and those in theEast Midlands also like to escape from their little ones by
enjoying a tranquil soak in the tub.
Welsh mothers feel under the most pressure, with 85 per cent saying that
they don't get enough time to unwind. However it is mums in the South East
that are actually the most hard done by with an average of only 58 minutes a
day to relax. In contrast mums in the North East and those in theEast
Midlands enjoy nearly twice a much time for self indulgence with almost two
hours a day to themselves.
In general dads have a much easier ride - and their 'me time' is not
impacted by the employment status of their partner. The average dad gets just
over an hour and three quarters each day to himself although there are
regional discrepancies. In the North East, dads can kick back across a
whopping two and a half hours a day compared to just an hour in the South
East.
The balance is most evenly distributed inScotland where both mums and
dads get approximately an hour and a half each day of down time. The biggest
gender gap is found inLondon where mums get a whole hour less to themselves
than dads (one hour 24 minutes versus two hours 28 minutes.)
David White, Chief Executive of The Children's Mutual, said; "Our
research confirms what most parents already knew - that the huge number of
demands on a parent's time makes any amount of 'me time' a real luxury.
"We are trying to do our small part to free some additional time by
making saving for your child's future as quick and painless as possible.
direct debit of just GBP10 each month into a Child Trust Fund could grow to
be worth GBP4,600 when the fund matures on the child's eighteenth birthday."
The Child Trust Fund
- The Child Trust Fund (CTF) is designed to provide a tax efficient, long
term savings vehicle for all young children. Investment growth in a CTF
account is free from Income Tax and Capital Gains Tax and at maturity
the proceeds are free from personal tax to the child.
- It is anticipated that a fully funded Child Trust Fund may be worth
37,000GBP upon maturity.
- Each newborn child (born on or after 1 September 2002), receives a
voucher worth 250GBP (500GBP for low income families) from the
Government when their parents register for Child Benefit.
- This must be used to open a Child Trust Fund on the child's behalf.
- The Government's recommended option is a Stakeholder Child Trust Fund
Account. All Stakeholder CTF accounts are subject to strict guidelines
governing investment type and charges.
- Parents, family and friends can all then add to this account up to a
maximum value of 1,200GBP each year.
- The Government will make a second contribution or 250GBP (500GBP for
low income families) when the child is seven and is considering a third
in the child's teenage years.
- The CTF provider manages the account until it matures and become
available to the child when they are 18.
For Media enquiries please contact:
Katie Donlan / Joe Laing
TEL: +44(0)20-7781-2376 / 2365 or visit the website
http://www.thechildrensmutual.co.uk/
SOURCE The Children's Mutual
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