US EditionChildren’s savings: Starting their financial future early
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Children’s savings: Starting their financial future early
Many parents and carers want to give children a solid financial base, yet feel unsure where to begin. The UK tax system offers several wrappers and allowances designed for minors, each with different rules on access, tax treatment and contribution levels. Saving for a child is not just about handing over a lump sum at 18. It can reduce student debt, fund a first driving lesson, provide a housedeposit boost or even kick-start a pension. Starting…
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