Provide your children the best possible future

One of the most significant investments that people make is in their children.

Ensuring your child has the ability and freedom to choose what they want to do is important to parents.

Some of the key things that parents plan for with regard to their children are:

• Education costs (primary, secondary and tertiary)
• Helping to purchase their first vehicle
• Being able to help with a house deposit

Like most things, setting a plan early can maximise the chances of these desires becoming a reality.

Understanding what mechanisms are available to build a separate pot of money specifically for your children is important when deciding what path to take.

Some of the main things people consider are:

• Investment bonds
• Managed funds or shares
• Regular savings account