Investing for the Future
Most parents want to help their children financially, whether it is making sure there is enough money for their education or eventually helping them to buy a property. An early objective as they grow up may well be to help children understand the value and importance of money.
Whatever the reason, tax will be a major factor to consider, as will the risks of giving children too much money too soon. It is therefore important for parents and others to appreciate the basic tax and legal rules, and the investment products that are suitable for children to help achieve the goals set for them.
This guide covers the following areas:
- HOW CHILDREN ARE TAXED
We are all subject to tax from birth, but planning can avoid unnecessary tax bills
- TAX-EFFICIENT INVESTMENTS FOR CHILDREN
How to use investment products to save money for children
- THE TYPES OF TRUST
Finding the balance between flexibility and tax efficiency
- HOW TRUSTS ARE TAXED
Understanding how the different types of trust are taxed
Our full range of Key Guides can be found at:
The value of tax reliefs depends on your individual circumstances.
Tax laws can change.
The Financial Conduct Authority does not regulate tax advice.
Past performance is not a reliable indicator of future performance.
The value of your investment can go down as well as up and you may not get back the full amount you invested.
Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.