The first steps to financial security

Article Abstract:

Parents should be aware of a number of investment issues affecting their children such as school and university fees. There are a number of funds geared to saving for children. Parents can also use deposit accounts, though large sums may be needed for better rates. Equities can provide better returns though risk levels are higher. Children can use the single person's income tax allowance in addition to an allowance for capital gains tax. The charitable status of some educational trusts is being withdrawnfrom April 1997.

Personal Tax Planning, Tax planning, Children

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Risk unwrapped

Article Abstract:

Collective investment tend to be low risk in terms of bankruptcy or theft, but they may be risky in terms of volatility. Investors can use statistical tables to compare volatility levels of different types of investment and allocate their investments in terms of risk levels, and the proportion they wish to be high risk. Older investors are likely to be less keen on risk, while longer term younger investors may accept higher risk levels. Some rsk level is necessary if investors are to progress from deposit accounts.

Analysis, Risk assessment

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Covering the cost of school fees

Article Abstract:

The cost of a child's schooling in the private sector can amount to 100,000 pounds sterling in the UK, and parents should start financial planning early in order to be able to afford this. They can use a range of capital growth investment vehicles. With-profit endowment policies can provide a good yield but they are inflexible and parents' circumstances may change. Equity funds can provide a higher degree of flexibility. Draw-down loans allow funds to be taken when needed. Parents can also remortgage their homes.

Education

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