An introduction
School fees, university, a deposit for their first flat? Let alone thinking about a pension. The financial demands facing you and your children have never been greater.
That’s why it’s important to start planning early and make the most from your savings and investments. And why investment companies, with their long-term track record, could be an excellent way to give your children a head start in life.
With all the financial demands being placed on our children today, it’s no wonder that so many parents and grandparents are thinking about how they can help.
Although the sums involved can seem daunting at first, if you start early enough you have time on your side. Investing some money for your children over the long term – either as a lump sum or on a regular basis – can help to spread the cost and build a nest egg that can make a real difference to their futures.
This guide explains why you should consider investment companies as part of a long-term investment portfolio for your children.
It looks at the different ways you can save and some issues you should think about before investing.
Remember that investment companies are long-term investments which put your money at risk. You should not invest money that you cannot afford to lose.
New to investment companies? Read ‘A guide to getting started’ to learn the basics.
Time on your side: Investing early can make a real difference to a child’s future
Institute for Fiscal Studies reveals that average debt on graduation is just over £50,000