The Annual Halifax Pocket Money Survey found that not only do a larger proportion of boys receive pocket money from their parents – 84 per cent, compared to 79 per cent of girls – but they also receive an average of five per cent more cash per week.

On average boys receive £6.50 per week; girls pocket just £6.15. That’s a difference of almost £20 per year.

Halifax also found that pocket money for girls is also more closely linked with carrying out household chores, while boys are more likely to be dissatisfied with the amount of money they receive. Boys between eight and 11 years old are the most likely to feel short changed, at 47 per cent.

However almost half (48 per cent) of children surveyed felt they received the ‘right amount’ of pocket money, despite the fact that the average amount has fallen by 2.4 per cent from last year. The average child now receives £6.35 compared to a six-year high of £6.50 in 2013.

Three in four children save at least some of the money their parents give them.

Richard Fearon, head of Halifax Savings, said: “Pocket money is a great tool to help young people learn the value of money, and to start the habits of saving and money management early on. Whilst the amount of pocket money children are getting has reduced slightly, it remains encouraging that many are satisfied with the money they receive, and that so many are choosing to save the money they are given.”