SETTING UP A FUTURE FOR MY GRANDCHILDREN
How to give them more opportunities for life.
Investing in the future of your grandchildren is a great way to help them prepare for their financial needs in life. By setting aside money now, you can provide them with added security and increased opportunities in the years to come.
Investing for grandchildren can be used to help fund college tuition, make a down payment on their first car or home, or even start a retirement fund.
The earlier you invest, the more time your funds have to grow and compound over time. This means that a relatively small contribution today could lead to much larger returns over the long run. Furthermore, it’s important that you consider professional advice when making decisions about investing for your grandkids. This will enable you to take advantage of all available tax deductions and legal rules that could make your investment even more beneficial to your grandchildren.
"HM Revenue & Customs has very specific guidelines on what constitutes a ‘gift’, so professional advice should be sought before gifting any money to your grandchildren. We can help you create an effective Inheritance Tax mitigation strategy for investing for grandchildren that meets all relevant legal requirements".
Becoming a grandparent is a very exciting time. And it’s natural that many grandparents want to be involved with their grandchildren’s lives, both practically and financially.
To discuss your options to plan for your grandchild’s future, please contact us on 023 80848410 or you can email enquiries@oysterfinancialplanning.co.uk
