26/05/2026
At a glance
✨Most long-term investment options for children and grandchildren, such as junior ISAs, personal pensions and accounts held in trust, are subject to specific access rules.
✨Savings accounts may be more suitable, particularly if money is likely to be needed in the short term.
Parents and grandparents should consider making full use of a child’s available allowances where appropriate, while keeping their own estate planning goals in mind.
✨Many parents worry that their children will struggle to find their financial feet in the current environment. Concerns include the flagging jobs market and inadequate retirement savings.
✨Meanwhile, high house prices make it increasingly difficult to take the first step onto the property ladder. These are all factors driving fears that younger generations will face a tougher financial future.
✨However, there are a variety of investment and saving tools for parents and grandparents who want to support children and grandchildren in building financial foundations. Here we explore some of the main options available. https://www.marknieldwm.co.uk/article/detail/sjpp/saving-and-investing-for-children-and-grandchildren.html
Contact our friendly team of Financial Advisers to see how we could help you, 016977 3787.
Mark Nield Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
St. James's Place
