Fair Investment

Childrens Investment News Childrens Investments A Must For 36percent 18469962


Children’s investments a must for 36%

02 October 2009 / by Andy Davies

More than a third of investors are investing on behalf of their child’s or grandchild’s future, according to a new survey by F&C Investments.

The findings from F&C show that 36 per cent of respondents are investing for their children’s future, while a further seven per cent are investing on behalf of their grandchildren.

Explaining the reasoning behind investing on behalf of their children and grandchildren some investors said it was “better than buying toys” while other investors are keen to provide a university fund for their loved ones.

One investor, whose daughter is seven, hopes to raise a minimum of £30,000 by the time she turns 18 to “give her a start in life, whichever direction she chooses”.

A popular way for investors to make a contribution to their child’s or grandchild’s future is through a Child Trust Fund (CTF) or a Children’s Investment Plan, specifically designed to suit children who are not eligible for a CTF.

Explaining the benefits of investing early in a child’s future, Mike Woodward, head of investment trusts at F&C Investments, said: “Investing for children can also allow parents and grandparents a longer investment horizon, meaning more time to ride out the ups and downs of equity markets.”

Although many people are investing on behalf of their children or grandchildren, 57 per cent of people said they were still investing for themselves, and Mr Woodward believes people “also recognise the benefits of investing for their own future.”

He added: “With the forthcoming increase in the ISA allowance (introduced for the over 50s from next week and for all from 6 April 2010) we will be encouraging them to make the most of the opportunity to shelter their assets from an increasingly avaricious taxman.”

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© Fair Investment Company Ltd



Provider Service ISA Option Minimum Investment More Info
Family Investments Child Trust Fund
£10.00 Per Month
More Info >
Family Investments, the award-winning children savings specialists
Provider Service ISA Option Minimum Investment More Info
Scottish Friendly Child Bond
£25.00 pm
More Info >
Invest £25 a month with Scottish Friendly for a child under 16. Make regular tax-free investments for 10 years minimum to build a cash sum for the child’s future
Shepherds Friendly University Savings Plan
£100 pm
More Info >
Save tax-exempt up to £2400 per year.
Shepherds Friendly Young Saver Plan
£7.50 pm
More Info >
Save tax-exempt up to £1200 per year.

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