Pearson Hinchliffe Financial Services - Advising - Supporting - Delivering

E-mail: enquiries@pearson-hinchliffe.co.uk | Telephone: 0161 785 3500

Saving for your children

When your first child arrives, the very last thing you are probably thinking about is how much they are going to cost you. However, according to the Liverpool Victoria Cost of a Child survey (2010), you are looking at a 21 year bill of over £200,000.

Saving small amounts regularly is therefore one way to deflect some of the larger future commitments which you might find yourself facing. In many cases, at least to start with, deposit accounts are the first port of call and most banks offer child-specific accounts. The benefit of these is they can allow irregular payments of spare money and you always know that your capital value is safe.

However, the return you get is purely interest so make sure you seek out the highest one you can. 

If you would like to learn more about saving for your child or children, please contact Simon Taylor using the details provided below. 

Pearson Hinchliffe Financial Services | Hollinwood Business Centre, Albert Street, Hollinwood, Gtr Manchester, OL8 3QL
Telephone: +44 (0)161 785 3500, Fax: +44 (0)161 624 2589, Email: enquiries@pearson-hinchliffe.co.uk