This week the internet and social media has been flooded with pictures posted by proud parents, of their children in their new uniforms on the first day of school!
A new chapter has just begun – one of many. Parents all over the country have been preparing for this one day for months… buying school uniforms, school bags, lunch boxes and mountains of stationery. Organising the school run, perhaps sorting out going back to work or changing their hours. Preparation is key for these major life events, so the earlier you start.. the better!
School is such an important part in a child’s life, all parents want to make sure that their children get a good education to prepare them for future adult life but, just as important, is preparing for the child’s financial future… Soon it will be college to contend with, the cost of books, travel, IT equipment and other required kit can really mount up.
Soon after that, the bank of Mum & Dad becomes even more important, they’ll be needing help with University fees, a new car or help with a deposit for a house/flat.
By putting the building blocks in place now you will be building the foundations to a bigger and brighter future for your child/grandchild. Helping them to achieve their dreams, knowing that you’ve made preparations and that money shouldn’t be an issue.
Sheffield Mutual has a range of children’s savings plans: Junior ISAs that mature on their 18th Birthday, or if you want a longer term, you can set up one of our Tax-Exempt or Regular Savings plans for up to 25 years – you choose when the child gets the funds.
Plans start from just £5 per month – Download our free “Saving and Investing for Children” guide today and let Sheffield Mutual help you to prepare for their tomorrow..
Already have a Children’s Savings Plan with us?
The guide will still be useful – we may have another plan for children which you’ve not spotted before. Whether it be a small regular amount you wish to save or a single one off lump sum we could have just what you are looking for…
This blog provides generic information and opinions of the writer and should not be relied upon for making investment decisions. No advice has been provided by Sheffield Mutual. If you are in any doubt as to whether a savings or investment plan is suitable for you, you should consider contacting a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk or www.vouchedfor.co.uk . Advisers may charge for providing such advice and should confirm any costs beforehand. *Any reference to taxation is based on the writer’s understanding of current tax legislation and practice, which could change in the future.