Simple Pocket Money Calculator For 2026

What The Pocket Money Calculator Works Out

• Typical rate for this age: the going weekly rate from the annual UK pocket-money surveys, which agree on the shape if not the pennies: around GBP 2 a week in the infant years, GBP 3.50 at 7 to 9, a fiver around 10, GBP 8 in the early teens and GBP 12 at 16 to 17. Totals drift up with inflation, and boys and girls are paid unequally in most survey years.
• Per year: the weekly rate times 52, which is usually a surprise. The Money and Pensions Service's finding that money habits form by around age seven argues for starting small and early rather than large and late.
• How you compare: the gap between what you pay and the typical rate. The amount matters less than every behavioural finding attached to it: regular, predictable money with real choices teaches more than either generosity or lectures.
• Project the years ahead using (advanced): either the typical rate for each age (stepping up through the bands) or your own rate rising by a set percentage each year, for the forecasts below.
• Annual rise (advanced): an inflation or birthday uplift applied each year. 5% to 10% a year roughly tracks how the survey rates climb with age.
• Extra earned from chores (advanced): money for extra jobs on top of the baseline, the common compromise between chores-for-cash (which builds the work-reward link) and pricing the family's unpaid obligations.
• Monthly equivalent (advanced): the weekly amount as a monthly allowance, which is how the digital pocket-money cards and older teenagers tend to run it, the training wheels for the student budget that follows.
• Paid out between now and 18 (advanced): the total handed over from the current age to the 18th birthday under your chosen projection: for a 10-year-old on typical rates it is roughly GBP 3,300.
• Savings pot at 18 (advanced): what the saved share grows to with interest, deposits assumed to arrive evenly through each year. Children's savings accounts and Junior ISAs (up to GBP 9,000 a year, tax free) have paid 3% to 5% recently; the save-spend-give jar system makes the categories physical.
• Household total and table (advanced): the yearly bill if every child in the house is paid this rate, plus a year-by-year table of weekly rate, annual total, amount saved and the pot. The amount is a detail, the consistency is the curriculum, and the occasional regretted purchase is the tuition fee working as designed.