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Happy Mother’s Day for this Sunday!

The history of Mother's Day celebrations can be traced back to the spring celebrations of ancient Greece in honour of Rhea, the Mother of the Gods. In England, Mothering Sunday is a Christian festival celebrated on the 4th Sunday of Lent.

The modern Mother’s Day holiday can be traced back to the 1900s in West Virginia. Anna Jarvis campaigned for the day to be recognised in honour of her mother Ann Reeves Jarvis. Anne had started “Mothers’ Day Work Clubs” to teach local women how to properly care for their children. These clubs became a unifying force in a region of the country that was still divided over the Civil War. Following the success of her first Mother’s Day, Anna Jarvis, who remained unmarried and childless her whole life, resolved to see her holiday added to the national calendar. Her persistence paid off in 1914 when President Woodrow Wilson signed a measure officially establishing the second Sunday in May as Mother’s Day.

How much do we spend on Mother’s Day? What would your mother get if you put it into a pension for her instead of a gift?

  • If you buy her a bouquet of carnations (the traditional Mother’s Day flowers), it could be worth a lump sum of £2,500 after tax at retirement.
  • If you buy her a bottle and some chocolates, it could be worth £5,000.
  • If you invested the cost of taking her out for a meal each year, it could be worth £12,500.
  • If you buy her a card………well maybe you should make one next time!

While Anna Jarvis had initially worked with the floral industry to help raise Mother’s Day’s profile, by 1920 she had become disgusted with how the holiday had been commercialised. She outwardly denounced the transformation and urged people to stop buying Mother’s Day flowers, cards and candies. I wonder what she would have thought about buying your mother a pension?

(No advertising revenues were taken in writing this blog!)

 

If you'd like to find out more about saving into a pension for yourself or for someone else, please read our dedicated pages here. Or, ask the team by giving us a call on 0300 123 1047 (Monday-Friday, 9-5) 

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