Our financial planners help many people to save money for the children in their lives. Some are parents investing to cover future school and university fees. Others are aunts, uncles, grandparents and godparents saving towards a first house deposit or wedding ceremony. However you are related and whatever you are saving for, we can make it as easy and effective as possible.

Questions to consider

There are several questions to consider when saving for the children in your life. What’s right for one person may not be right for another, so before starting work your financial planner will ask you a number of questions, including:

When is the money needed?

Some accounts restrict access until the child reaches 18.

Are you the best person to invest?

Sometimes it is more tax-efficient for grandparents or other people to invest for a child.

How much do you need to save?

Certain accounts limit the amount of money you can save in them.

How much control do you want?

You may want to decide how the money is spent or when it can be accessed.


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Get in touch to find out more about how we can help you to save for the children in your life.

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Finding the best route

There are many different options available when saving for the children in your life, each with different allowances and tax rules. Your financial planner can help to find the best option, potentially using a combination of:

  • Tax-free Junior ISAs
  • Pensions
  • Trusts and designated accounts

Forecasting your future finances

Our financial planners use cashflow modelling software to analyse and forecast your future finances. When it comes to saving for children, they can give you the answers to questions such as:

  • How much money can you afford to save each month without affecting your lifestyle?
  • Are you currently on track to achieve your savings goals?
  • How much money will you need to save now in order to pay for education fees or a house deposit in the future?
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Choose when and how the money is accessed

Some people want to decide how the money is spent or when it can be accessed. For example, you may be saving for a child’s house deposit or wedding day, or perhaps you would prefer to set up a trust that gives the child access to the money once they reach a certain age. We can talk you through the available options and help you to make the right choice.


Is your money held in good investments?

Whatever you are saving towards, it is important that your money works as hard as it can for you. Our investment managers and advisers can ensure your money is held in high-quality investments that are appropriate to your requirements and also reflect our latest investment research.

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Frequently asked questions

1. What is a Junior ISA?

A Junior ISA is tax-free savings and investment account for children. Junior ISAs have the same tax benefits as adult ISAs – money grows free from Income Tax and Capital Gains Tax. The Junior ISA allowance is currently £4,260. Anyone can contribute to a Junior ISA but only a parent can open one for their child. Children cannot manage the money in their Junior ISA until age 16 and can't withdraw it until they reach 18.

2. How much can you save for a child in a pension?

A personal pension can be opened for a child until they turn 18. You can pay £2,880 into a child’s pension each year. After the 20% tax relief from the Government, this will make an annual contribution of £3,600.

3. Do parents pay tax on investments for their children?

If a parent sets up an investment or savings account for their child that produces more than £100 of annual income or interest, the money will be taxed at the parent’s usual rate of Income Tax. This rule does not apply to grandparents making gifts to children.

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