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Having a baby later in life

Later-life parenthood has plenty of upsides, but you may need a financial health check.

Important information - please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

We’re here to help whatever your situation. If you have any additional needs or find yourself in a vulnerable situation, please let us know and we’ll do our best to support you. Contact us

Having a baby later in life

There are many joys to having children later in life, particularly if junior has been long-awaited. However, there’s no doubt that having children in your forties and beyond can disrupt even the best-laid financial plans. One moment you’re happily building your savings pot for the long-term, the next you’re planning for school and university fees. 

Your financial plan will need to be flexible enough to balance your short-term financial needs whilst ensuring you’re financially secure for the future. This page looks at some of the aspects to consider when managing your finances, allowing you to focus on your baby rather than worrying about the financial implications.

Reflect on your financial situation
Be honest about the extra costs
Consider the implications of a career break
Keep it flexible
Start building a nest egg for your children

Important information - withdrawals from a Junior ISA will not be possible until the child reaches age 18. Withdrawals from a pension product will not normally be possible until you reach age 55 (57 from 2028). It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our pension transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from one of Fidelity’s advisers or an authorised financial adviser of your choice. 

1 Office of National Statistics: Births in England and Wales: summary tables, 17 August 2023
2 Child Poverty Action Group: Cost of a child, 2021 
3 Property news on, 12 January 2022
4 Financial Times, 7 September 2018
5 St James's Place, 10 May 2023 2023, 2023, Coram Childcare survey 2022

Other life moments

Getting a new job

Changing your job can change your life for the better, as long as it’s the right decision for your situation. We have some ideas to help you explore the opportunities.

Find out more

Planning for your child’s university

University can help your children achieve their dreams, but it may come with a significant cost attached. We look at some of the ways you can prepare for the opportunity.

Find out more

Let's start your savings journey

Open an ISA

It’s quick to open an ISA online. Just enter your details and then choose from a regular savings plan or a one-off payment.

Open a Junior ISA

Start saving for a child’s future by investing in a Stocks and Shares Junior ISA on their behalf.

If you already have a Stocks and Shares ISA or Junior ISA with Fidelity you can top up your accounts by 5 April 2024 to use this year’s allowance. Log in