Childrens savings calculator

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  • I have {{ depositStartFormatted }} in current savings edit
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  • I will keep it linked to inflation edit
  • I will not link deposits to inflation edit
  • I will be saving for {{ savingParams.termLength }} {{ savingParams.term }} edit
  • I want it in a {{ savingParams.risk }} risk plan edit
  • Change your answers here if you want

We all want to help our children financially. Whether paying for their education or helping them onto the property ladder, use our savings calculator to find out if you’re on track to give them a secure financial future.

I am looking to save
I have in current savings
I am looking to save every
I will keep my {{depositAmountFormatted }} a {{savingParams.depositFrequency}}

What is inflation?
Inflation measures how much the costs of everyday goods and services go up over time and as a result, how much the value of money goes down. For example, in 1960 you could buy an average house for around £2,500, while today the average house price is nearly 100 times more expensive. That’s why investing your money can help preserve your long-term spending power.

So if you want to save up for something several years in the future, it might be worth linking your monthly savings above to inflation to give you a more realistic idea of how long it will take you to reach your goal. If your savings goal is shorter-term, you might choose to link your savings to today’s value.

I will be saving for
I would like to put my savings in a

Lower risk - This type of strategy may be attractive for people wanting to protect their savings while offering room for their money to grow. Investments in this category carry risk but seek to minimise it.
Medium risk - This type of strategy is designed to grow money steadily over the long term. These strategies carry risk, and usually invest in a mix of different assets to diversify the risks of investing while still growing investors’ money.
Higher risk - Higher risk strategies can be considered for investors seeking to grow their savings significantly over the long-term. While these strategies increase the opportunity for growth, investors must be able to cope with more significant falls in the value of their savings, while remaining focussed on their long-term goals.

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You will meet your target

You will fall short of your target

You will fall short of your target

Based on your data and our calculations you will save

{{totalFormatted}} after {{savingParams.termLength}} years

You’re on course to provide a comfortable future for your children. There are other considerations when saving for your family – everything from school fees to inheritance tax planning. Let us craft a plan that allows your family to look forward with confidence.

You’re almost there. Our financial planners are here to help you get your family's future plans back on track. Keep going – you’ll just need to put away a bit more each month or adjust your investment approach to reach your goals.

You'll need to make some adjustments, but our financial planners are here to help. There are many savings tools you can use to help pay for your children’s education fees and future savings.

Talk to an expert

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You can find out more about the UK’s saving habits and what we think about investing in our latest research report.


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  • Important information about the calculator

    These figures are only illustrative and provide only a simple snapshot of your investments.  It is not a personal recommendation based on your individual financial circumstances. The illustration is no substitute for regulated financial advice.

    The value of investments and any income from them can fall and you may get back less than you invested. Past performance is no guide to future returns.

    This illustration shows the potential value of your investments in today's prices, adjusted for inflation.  We assume inflation to be 2% per annum.

    Other financial assumptions are

    • 2% Low growth rate before inflation

    • 5% Mid growth rate before inflation

    • 8% High growth rate before inflation

    • 0.5% Annual investment management charge

    The level of contributions, investment returns, management charges, tax factors, inflation and period of investment will all affect the value of your investments.  As such, these figures are not guaranteed.

    These figures do not take account of income tax, including tax relief on pension contributions, capital gains tax or pensions annual or lifetime allowances. No account is taken of any State Pension you may be entitled to.

There are lots of important numbers to think about when it comes to children, from how many you’d like to have to how old they were when they took their first steps or spoke their first words.

Having children is one of the biggest decisions you’ll make, and it can have a dramatic impact on your life – both emotionally and financially. Whether you’re thinking about starting a family, your children have already left home or you’re a grandparent looking to contribute to your grandchildren’s savings, we can help you put a plan in place to secure their financial future with a range of services to suit your needs.


How can you save for your children’s future?

There are a range of saving and investment options available to help you contribute towards the future of your children or grandchildren. One of the most tax-efficient ways of investing for children is through a Junior Individual Savings Account (JISA). As with an adult ISA, the JISA allows you to build up savings without paying income or capital gains tax (CGT) on the interest or returns you receive. Children won’t be able to access the money in a JISA until they are 18.

You can also place money in a trust for a younger relative. You’ll occupy the role of trustee and decide how the money is invested until they can take ownership of the trust when they turn 18 (England and Wales) or 16 (Scotland).

If you’d prefer to provide a longer-term arrangement, you can place money in a child Self-Invested Personal Pension (SIPP). SIPPs benefit from the same advantages as adult pensions, and there is no tax to pay on income from investments or capital growth providing they remain within the annual and lifetime allowances.

Many people choose to use their £3,000 annual gift allowance as a straightforward way to start passing on their wealth to their children or grandchildren while they’re still alive without any inheritance tax (IHT) liability. You can carry over any leftover allowance from one tax year to the next. You can’t accumulate several years’ worth of allowance and use it up in a single large gift.

If you’d like to help your children or grandchild get onto the property ladder, our mortgage planning team can help. We offer a ‘whole of market’ approach, giving you access to a comprehensive range of UK lenders. By tailoring our service to your circumstances, we can find the best deal to suit you.


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The value of investments and any income from them can fall and you may get back less than you invested.