Saving for their future
About £242 million will be wasted by parents not taking advantage of the full tax breaks of their children's Child Trust Funds in 2008.
Source: unbiased.co.uk
A new baby in the family and everyone from grandparents to the government want to make provision for your children’s future.
The Child Trust Fund provides options for you to decide on and there are additional considerations with other savings vehicles too. And remember you will receive a further £250 from the Government when your kids are seven.
Child Benefit provides a typical source of funds for savings, and with tax as well as risk considerations, it is important to understand these areas when putting money aside for your children.
Investing wisely with your money is a priority but when it is your children’s money, are you making the right decisions?
Also there are options as to how you invest money for children depending on when you want them to gain access to the funds.
We can explain your options including the tax position depending on who is investing on behalf of your children.
If you wish to discuss this, please contact us and we can advise you in relation to your personal circumstances.
Contact Us
Telephone: 0800 043 5440
Email: info@parentguidetomoney.co.uk
