Children can be expensive. Student debt is estimated at £40,0001, the average house deposit £72,0002 and the cost of a wedding reaching over £24,0003. We can help you save towards these.
Here we explain some of the investment options and tax implications of investing for children.
Saving regularly for your children could build up a nest egg to provide for their financial future.
It is worth keeping these guiding principles in mind when considering investing for children.
The best time to start investing is now
Invest as much as you can afford
Don’t try to time the markets
Think about saving each month
Take a look at the options available to help you choose the best long term option.
We look at ways to help you minimise the amount of tax you pay on your investments.
Please note that value of investments and income from them can go down as well as up and you may get back less than you invested. Fidelity only gives information about products and services and does not provide investment advice based on individual circumstances. If you are unsure of the suitability of an investment you should speak to an adviser.
1 Which? University, February 2015.