Investing for your child’s future can seem overwhelming, but it’s a valuable step for their long-term security. Here are a few approaches:
Junior ISAs (JISAs)Save up to £9,000 annually per child with gains being tax-free. Junior Cash ISAs are low-risk, while Junior Stocks & Shares ISAs offer higher potential returns based on market performance.
Pensions for ChildrenJunior SIPPs allow contributions of up to £2,880 per year, with an extra 20% added by the government—a great way to build a future retirement fund for your child.
Flexible TrustsBare trusts give you control over funds, ensuring they’re used responsibly. While they don’t have the tax benefits of a JISA, they offer flexibility.
Teach Financial Literacy EarlyBeyond savings accounts, empower your child by teaching the value of money, saving, and investing.
Every family’s financial goals are unique. Consulting a financial advisor ensures you choose the best options for your circumstances.
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