Investing for children
It’s a wonderful feeling to open doors for the next generation. Setting aside money for their future can make that a reality. That’s why long-term investment plans for children can be so appealing - they give your client's money the potential to grow alongside their loved ones.
Nurturing future generations
Whether your client is a parent, grandparent, extended family member, or a friend, they can save and invest wisely and tax-efficiently for a younger person they care about. However, the best approach could depend on their relationship with them, their age, and the level of access they'd want them to have.
Our experienced Wealth Planners will work with your client to understand the best investments for the children in their life. From advising on Junior Individual Savings Accounts (JISAs) to setting up and investing within a Trust, we can find a robust investment plan.
How we can help
There are several services that can help your clients invest for a young person’s future and make the money you’ve put aside work harder.
Wealth planning
We can help your clients feel more confident in their future, as our experts bring clarity to their finances.
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Investment management
Ensure your client's money is working as hard as it can with our investment management service.
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Without Paul’s advice we would never have thought about setting up a pension for Jack. He’ll be very grateful one day – and before that he can enjoy his Junior ISA once he becomes a young adult.
How we helped Jane and Peter to invest in their grandson’s future
Peter and Jane are a couple in their mid sixties, both recently retired with a final salary pension, Peter from the Civil Service and Jane from the NHS. Their daughter Caroline has recently given birth to Jack, their first grandson, and they want to help the family financially.
Common questions on investing for children
There are several ways to invest for a child’s future, including Junior ISAs, children’s bonds, Trusts and even Junior Self-Invested Personal Pension (SIPPs). Or you might be saving in your own name to keep control of the money and help pay for school fees, university or a wedding. An experienced Wealth Planner can advise on the best option for the child you’re investing for.
There’s no one-size-fits-all answer to the best investments for children. It depends on what you’re helping them save for, both of your tax liabilities, and your relationship to the child. It’s also important to remember that saving for a child’s future is a very long-term investment, sometimes moving through multiple economic cycles. We’ll advise you taking all these factors into account, finding the right balance between risk and reward over the years.
Trusts can be useful if you‘re gifting money to a child, but want to retain some control over how and when they can access those funds – even after you pass away. However, Trusts can be complex, and professional advice can make the process much simpler. We can also create a bespoke Trust investment strategy, which can help if the Trust is intended to provide an income or grow over time.