Wed, 27 Jan
|Zoom
Breakfast Meeting: Investing for Children
These workshops help to make sense of all the 'financial jargon' that’s out there. The only goal is that you leave feeling better prepared to make smarter decisions with your money.


Time & Location
27 Jan 2021, 08:00 – 9:00
Zoom
Guests
About the event
Buying a first home or paying for further education or training for your child can be made far more affordable by starting early.
The principle is very simple: the longer the investment has to mature, the greater the benefit will be from the year-on-year compound growth of reinvested returns. Investing £200 a month for five years for example, can grow to over £13,000.*Assumes an annual growth rate of 5% net of charges.
There are a number of government schemes to save for children. The tax-friendly Junior Individual Savings Account (JISA) is a very attractive option. Any returns are free from Income Tax and Capital Gains Tax. Savers can typically make regular or one-off payments up to the current annual limit of £9,000.
Less well-known is that children can have a pension fund as soon as they are born. Setting one up can bring significant tax advantages since, as you save, the government adds a generous tax relief.
Contributions up to the maximum of £2,880 a year are automatically grossed up by the government to take account of tax at 20%, giving a maximum annual investment of £3,600. Even a few years of contributions can build a substantial pot.
Feel free to come along to this free event to find out more!
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