Kids & Money
22nd August 2019
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The current generation of children faces exceptional financial challenges.

High university fees, rising house prices and stagnant wages mean that preparing a child for her or his financial future requires ever more thought and planning.

Yet equipping a child for their financial future need not be daunting. As this series will show, much of it comes down to the lessons a child learns, and the small steps parents take to put some money aside while their children are young.

Irrespective of whether a child is taught about money, they will always develop financial habits – and some are more helpful than others. But if parents and schools step in early to give children confidence in handling money well, that child can go into adult life prepared to make sound financial decisions.

Parents and grandparents can also help their children by putting money aside – even the smallest amounts can make a big difference, especially if they start investing when children are young. Finding the right tax-efficient vehicles is, of course, only going to help maximise what you save for your children.

Anyone feeling daunted by the prospect of preparing their children financially for adult life should remember that investing always works best over a long period. As your children grow up, so, too, their financial acumen and assets can be growing with them. It need not be rocket science.

In our new series, Kids & Money, we will look at both financial education and investing for children. As we do so, we hope you will feel ever more equipped to prepare your children and grandchildren for their financial future.

To receive a complimentary guide covering Wealth Management, Retirement Planning or Inheritance Tax Planning, produced by St. James’s Place Wealth Management, contact Nick Jones on 01743 240968, by email or visit 

The Partner Practice is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website The title ‘Partner Practice’ is the marketing term used to describe St. James’s Place representatives.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

About the Author

Mark Luckman

Member since: 10th July 2012

I champion the best businesses in Telford and Wrekin, businesses recommended by you. If you run a local business or know a really great local business that you think deserves to be known by more local...

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