Investing for the next generation
Most parents and grandparents want to help their children financially, whether it is making sure there is enough money for their education or eventually helping them to buy a property. An early objective as they grow up may well be to help children understand the value and importance of money.
This guide offers a brief outline of the basic tax and legal rules, and the investment products that are suitable for children to help achieve the goals set for them.
“Why, when and for how long you plan to set aside money for children can have a major bearing on choosing the appropriate investments. As with any investment decisions, you need to think about risk carefully before taking any action.”
Investing for children – what is included in the guide:
• Setting specific investment goals
Looking at timescales and goals for your investments
• How children are taxed
Setting out the tax brackets and allowances for children
• Tax-efficient investments for children
Walking you through the most tax-efficient ways to invest for your children
• Personal pensions
Pensions can be an effective way to invest for your children
• Should you use a trust?
The long-term future benefits of setting up a trust
• Tax position of trusts
Detailing the tax allowances for children trusts
Our guide offers expert insight into the options available for investing for your children and grandchildren.
