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How much pocket money should your child get?
If you've ever hesitated at the question “how much is fair?” — you're in good company. Most parents settle on a number by guesswork, and then quietly worry it's too much, too little, or teaching the wrong lesson. The truth is there's no single right answer — but there is a sensible starting point, based on your child's age, the effort they put in, and what you want money to mean in your family. This calculator gives you that starting point in three quick questions.
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Recommended weekly allowance
£6.50/ week
Suggested split
- Spend50%£3.30
- Save40%£2.50
- Invest10%£0.70
💡 Financial tip for your 8-10 year old
Print a picture of their goal and tape it to the fridge with a progress bar. Kids this age respond powerfully to visible progress.
The link simply carries your answers and currency — nothing is stored or collected.
How to put this number to work
Treat the recommendation as a conversation starter, not a rule. Sit down with your child, explain how the amount connects to their chores, and agree on it together — children who help set the terms are far more likely to stick to them.
Then make the split visible. Whether it's three jars on a shelf or three named pots in an app, seeing money divided into spend, save and invest is what turns pocket money from a handout into a habit. Review the amounts once or twice a year — birthdays are a natural moment — and let the responsibility grow with your child.
And be patient with the wobbles. A blown budget or an impulse buy at nine years old is a cheap lesson; the same mistake at twenty-five is not. You're not just handing over coins — you're giving your child a safe place to practise.
Want to go deeper? Read our full guide: How to set up a pocket money system that actually teaches kids about money. Or pin the number to the fridge with our free printable chore chart maker.
Where these numbers come from
The base rate is calibrated against the NatWest RoosterMoney Pocket Money Index 2026 (500,000+ UK users), the Greenlight allowance-by-age report, and the 2025 Wells Fargo family allowance survey. We weight toward the median reported figures rather than the mean — Wells Fargo found a small number of high-allowance families pull the average well above what most parents actually pay, so median figures give a more realistic starting point. Non-GBP amounts use indicative currency conversion, not live exchange rates. Treat every figure here as a sensible starting point for a conversation, not a fixed rule.
Like the plan? Let KidsGigs run it for you.
KidsGigs turns this one-off calculation into your family's weekly routine — chores tracked, earnings tallied, and savings goals your kids can actually see growing. No spreadsheets, no Sunday-night maths, no “did you do your jobs?” debates.
Set up in under five minutes. Cancel any time.