Funding for Education

Many parents and grandparents are now looking to the financial marketplace to provide a solution to the education funding problem. School fees have long needed forward planning, but with higher university fees now in the picture, the need is even greater.

We will help you build an investment portfolio that will contribute towards these fees, assessing your needs and the suitable options open to you. We will ensure that you take advantage of tax-efficient opportunities wherever possible, and that we make best use of every appropriate family member’s tax allowances.

Junior ISAs And Child Trust Funds

Junior ISAs (JISAs) can be set up for children under the age of 18 and provide a tax-efficient savings route for families. Each child can only hold one JISA at any time, although transfers between JISAs are permitted. JISAs replaced Child Trust Funds in 2011. The JISA limit for 2017/18 is £4128 per person.

Other Child-Friendly Savings

There are a number of other investment opportunities that are tailored for minors, including:

  • Children’s Bonus Bonds, available from National Savings.

Personal Pension Plans (contributions limited to £3,600 per year)

 

Contact us for a free initial consultation for assistance in deciding which areas are of interest to you.

The value of an investment and the income from it could go down as well as up. The return at the end of the investment period is not guaranteed and you may get back less than you originally invested. The tax treatment of investments depends on individual circumstances and is subject to change.

Key Contacts