How can I help provide my children with the best possible outcome?
One of the biggest 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 regards to their children are:
- Education costs (Primary, secondary and tertiary)
- Helping to purchase a first vehicle
- Being able to help with a house deposit
Like most things, putting a plan in place 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/Shares
- Regular savings account
To determine which approach is best suited to you, please get in touch with one of our financial planners.