The joy of a first home. Exploring the world. A pot of money that’s not just at the end of a rainbow. With family it’s more than just a dream.
When you invest, your money is at risk.
Rattle. Shake some more. Wish you had more money in your piggy bank when you were young, to save up for that big adventure? We know the feeling.
Whatever your children’s dreams, whether it’s to explore the World, train to be the best chef, or to start their own business, it’s going to come with a price tag. We want to give you easy ways to invest for your children - and who knows, maybe you’ll be given the top table at their restaurant opening.
The starting cost of a degree in the UK is around £10k a year. Now add another £15k a year in average living cost. They’ll be spiralling down into a debt rabbit hole at such pace they won’t believe the final bill by graduation.
The good news is that, based on our calculations, saving from as little as £30 a month from the day they’re born is likely to be able to cover one year’s fees while setting your child on the right track to achieve financial freedom. Now you just need to make sure you don’t cry when you drop them to their student halls.
Getting the keys for your first home and making it yours is one of the best feelings. But for many, they won’t get to experience that until they hit their 40s
Help your children catapult into adult life with a place they call home. A nice contribution from Bank of Mum and Dad should have them climbing the property ladder in no time.
As always with investments, it’s usually best to start early,
Oof. It’s going to cost you. But if you’re prepared, then yes. Saving up early on means you can build the pot over time rather than having to pay it all at once. And like with most things - the earlier you start saving, the easier it tends to be.
One thing to keep in mind is that a JISA locks the funds till the child turns 18 and so might not be appropriate for school fees. Download our app or learn more to see which accounts can be accessed before 18.
When you invest your money is at risk. You might end up with less than you put in - or you might end up with more. How much you’re taxed depends on your own personal situation, and that can change in the future.
Learn about the different options available to you and all the factors you should think about before making any decisions.Read our free guide
This guide is intended to offer you financial education by showing you the available options in today’s market. It’s not personal financial advice on what suits your circumstances best. If you’re looking for that, you should speak to a qualified financial adviser.