Starting a savings plan for children can make a big difference in years to come. Andrew Tully discusses the different options
As stressed-out mums and dads fight their way through the crowds to buy the latest I-Phone or Nintendo Wii for their offspring, they may want to bear in mind that almost half of children think their parents spend too much on their Christmas presents. This sentiment was echoed by nearly a third of parents. In fact, 40% of parents admit that they would prefer to put some of this money towards saving for their children's future instead1. There are no shortage of children's savings schemes. However, just because a scheme is badged for children, doesn't mean it's necessarily a good offer. If y...
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