Planning children’s financial futures

May 14, 2024

It sounds simple, but such thoughts also bring with them a number of questions: 

  • What are you saving for? 
  • How much flexibility do you need? 
  • Which investments are appropriate? 
  • How much control do you want over when they can access the money? 
  • How can any tax be minimised? 

The first step is to decide the investment goal or goals and the timeframe. Do you want to help a child or grandchild onto the property ladder, support them through higher education, help with a major expense, such as a wedding, or even start a pension pot for them? Perhaps a Junior ISA (JISA) may be a suitable option.

To make plans to secure the financial security of the children in your family, please get in touch, we can explore the specific options for your circumstances.

The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. 

Savvy Wealth Management Limited trading as Savvy is registered in England and Wales no. 7700192. Registered office, 1 Parc Bryn Derwen, Llanharan, CF72 9TT.

Authorised and regulated by the Financial Conduct Authority. Savvy Wealth Management Limited is entered on the Financial Services

https://register.fca.org.uk/  
reference 562795 

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