Financial Services > Investments > Investments for Children > Investments for Children
How best to provide for your child's future is perhaps one of the most important and seemingly difficult decisions facing parents and grandparents.
Hopefully we will be able to give you a helping hand by highlighting some of the key points to consider or fill in a Quick Enquiry Form if you'd like to talk free to a financial adviser.
Did you know that just like adults, children also have their own personal tax allowance? Any income they receive within the set limit will be tax-free. You can also prevent tax being deducted from the interest on your child's savings account by completing a simple Inland Revenue form.
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Child Trust Fund Child Trust Fund, you could get your child’s savings off to a flying start with £50 free from the government, click here for more information. |
More and more parents are now deciding to educate their children privately. Few parents can afford to cover all the costs involved from income alone and therefore school fee planning should be put in place at and early date. There are numerous plans to choose from, some offering lump sum investment, others will spread the costs for you.
Since university grants have been replaced by loan schemes, it has become increasingly more difficult for parents and students to fund university fees. Tuition, books and living costs for a typical 3 year degree course will set you back many thousands of pounds. There are various forms of savings and investment accounts suitable for university fee planning.
The advantage of saving for your grandchildren's future is that you will reduce any potential inheritance tax. There are various affordable savings schemes available to help you give your grandchild the very best possible start to their adult life.
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