As a parent or grandparent, you may be thinking about ways you can build a nest egg for children or grandchildren. It’s a step that can give them financial security as they become independent.
According to the Royal Mint’s 2021 Savings Report, 93% of parents say a savings account for their children is important. And more than 8 in 10 have already set up such an account. This guide looks at some of the steps you can take to improve the financial security of your children and grandchildren, including:
• Opening a savings account
• Using a Junior ISA
• Investing on their behalf
• Making pension contributions.
Download Building a nest egg – How to create financial security for your children and grandchildren to learn more.
Please contact us if you’d like to discuss building a nest egg for your children or grandchildren.