With some children getting preferential access to bank of mum and/or dad into adulthood, advisers can play a part in helping parents, and even grandparents, make provision for this financially. With some careful planning around Child Trust Funds and Junior ISAs, Neil MacGillivray says clients would be barking mad to miss out on this government generosity…
Way back in 1978 the National Canine Defence League, now known as the Dogs Trust, came up with the memorable maxim: ‘A dog is for life not just for Christmas'. After a surge in dog ownership, many of the impulsive purchases were literally abandoned at the roadside. Given the current Covid canine explosion, there are concerns history could be about to repeat itself. When taking into consideration financial planning, I do wonder if the same principle should be promoted when it comes to having children and not just pets. For a couple, the average cost of bringing up a child in the UK to ...
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