How to invest your children’s inheritance

Increasingly grandparents are splitting inheritance money between both their children and their grandchildren, according to the Telegraph’s personal finances advisor, Jonathan Jones. Sam Jennings of Jennings & Co Financial Planning advised parents to invest larger sums of their children’s money in a trust. Alan Chan of IFS Wealth & Pensions said for smaller amounts, parents might want to look at taking out a Junior Isa. He said that for very young children, it’s best to invest the money in the stock market because historically it has been the best-performing asset to buy for the long term (over 10 years). He advised parents to dial down the risk as their child gets older.
Telegraph

Related Posts

Holiday Closing

As the festive season approaches, we would like to take this opportunity to wish you a  Happy Hoilday and a prosperous New Year. Holiday closing 5p...