Give the children in your life a head start
By Richard Eastwood, from Pearson Solicitors
DURING the summer you may have enjoyed some well-earned family time – after all what’s life about if not for making precious family memories.
But whether they’re 18 months or 18 years old, children are expensive and investing for them is a priority for many, whether it be your children or grand-children.
You might want to help contribute towards the cost of education, or help them in their later life by investing for university or a house deposit.
There are many options available including:
Junior ISA – a simple investment account for children that protects money from Income Tax and Capital Gains Tax
Trusts – particularly useful for those who want to pass on assets to younger children and have already used the annual Junior ISA allowance
Pensions – These long-term investments could make a big difference further down the line. The longer the money is invested, the less they may need to save over their working lives.
“Planning a future is important no matter what age you are and we have helped generations of clients with their personal and business matters,” said partner Richard Eastwood.
“By having expert solicitors and financial advisers working alongside each other we are well placed to help our clients review their financial futures.”
In addition, a cornerstone of your financial planning should be income
protection, ensuring your
family has adequate funds to cope should the unexpected happen.
“Redundancy, illness, injury or the death of a wage earner can throw families into financial hardship,” added Richard.
“By taking time to assess your risks and work out how much income your family would need to cover your debts, pay the mortgage and carry on with a reasonable income, you can build a complete programme of insurance protection.
“We select from a range of products to deal with your areas of concern, whether it is the need to provide your family with an income should you lose your job, or if you were to fall ill or die.
“In many families both partners contribute to the family income. Where this is the case you can take out a joint or separate policy.
“Whichever solution you
choose we will aim to create a plan to fit your unique circumstances now and in the future.”
Speak to us about investing for your children or grandchildren, or income protection planning and get a financial head start.
Call us on 0161 785 3500 to have a chat with one of our team.
Find Pearson Solicitors and Financial Advisers at 31 Queen St, Oldham or call 0161 785 3500 or go online: www.pearsonlegal.co.uk (advertisement feature)