Welcome to MyEggNest.com
  Click here to go to the Home Page Click here to Compare Click here to go to the My Egg Nest Products Click here to go to the Shop Click here to read More About Us Click here to read our FAQs Click here to view our Contact Details
 
Children Savings News
Junior ISAs
Child Tax Exempt Savings Plans
Children's Savings Plans
Child Trust Funds
Making Parenting Affordable
Spending Wisely
Ask the Experts

Compare Junior ISA (JISA)
Compare Junior ISA (JISA)
Compare Junior ISA (JISA)

Twitter



Ask the Experts

Ask the Experts is MyEggNest's free service for questions on Junior ISAs and any aspect of family finance.

Ask our Independent Financial Advisor Steve Weisner a question here.



AddThis Social Bookmark Button


MyEggNest RSS

RSS MyEggNest News


Child Tax-Exempt Savings Plans

Write a short review and get a Mr Men Bruise Soother












Did you know that Children's Tax-Exempt Savings Plans (TESPs) also provide a long-term, tax-free way to save for your children's future?


Click here
to find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.



Free Prize Draw

Enter our FREE Prize Draw and one lucky winner, chosen at random, will receive £250 added to their Children Savings Account.


Most Popular Pages

1. Compare Junior ISAs
2. Junior ISA Menu
3. Junior ISA Provider reviews
4. Stocks & Shares Junior ISAs
5. Cash Junior ISAs


MyEggNest is proud to support Get Connected.

You can learn more about Get Connected, a free, confidential helpline for young people, here.

To find out how you can make a donation, visit www.getconnected.org.uk.







Teaching your Child the Value of Money


Join us and receive a FREE MyEggNest gift!!


Teaching Children Money Habits for Life

helpful guidelines and suggestions that you can follow, including some fundamental basics, methods of teaching your young children how to save, in addition to helping them learn life-important skills. 
 

Activities to do with your children

Very young children simply do not know what we mean when we ask them 'how many?' and it takes a long time for most children to understand what a number is. This isn't surprising because it is a difficult area for a child to grasp. From an early age, children learn the names of things like 'cup', 'teddy bear' and 'car'. These are relatively easy for them to learn because we can point to a cup and say its name. 
 

Pocket Money How To Approach

An understanding of the concept and value of money is essential for any child and most children are introduced to money through the pocket money that they receive from an early age. There are, of course, no hard and fast rules as to when children should start to receive pocket money, but those as young as four or five years of age may already understand that money is needed to buy things and, once it has all been spent, no more is available for a while.


Advertisement

At engage Mutual Assurance we have developed a website, childtrustfund.com, dedicated to providing information about Child Trust Funds and our own stakeholder Child Trust Fund.


MyEggNest's Recommendations

Alternatives to CTFs - Tax-Exempt Savings Plans
Did you know there are alternatives to the CTF that offer the same tax-free savings? Tax-Exempt Savings Plans (TESPs) can help you build up a lump sum for your child through small, regular payments. Your fund grows free from any income or capital gains tax, and can be used to save for children of all ages. Click here for more information about TESPs, and specific plans offered by friendly societies. 


 

 

 

Radcliffe & Newlands
Lump Sum Investments

Puzzled by lump sum investing? Get help from qualified investment professionals. Click here for more information.

 

AddThis Social Bookmark Button 

Bookmark this page

What is Social bookmarking? Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Click on the "Bookmark" link above to share this article on the social bookmarking site of your choice. Read more about social bookmarking at Wikipedia - Social Bookmarking

Chick
back to top
 
Interesting Fact
If children aren't taught the basics about looking after their money, what will happen to those savings you worked so hard for when your kids are old enough to look after it themselves? Teaching children money habits for life will help turn them into money saavy adults!

Unit Trusts for Children

Whatever your children or grandchildren dream of doing when they grow up, why not indulge more than their imagination?

Whether they want to travel the world or step onto the first rung of the property ladder, fund their way through university or organise the wedding of their dreams, you can give them a great start in life by investing for their future with a Legal & General unit trust.

And whether you have a little to invest or a lot, if you start now you could begin to grow a fund that will help you give your child a great financial start in life.

Legal and General's Investing for children

Providers with Unit Trusts for Children
F&C's Investing for children


Tax Exempt Saving Plans (TESPs)

One of the best ways to save for your children's future is the Tax-Exempt Savings Plans (TESPs) from friendly societies. TESPs offer parents a simple way to save up to £25 for each family member per month in addition to, or instead of, a CTF.

TESPs can help you build up a lump sum for any child through small regular payments. You choose when the money is available for them, but the policy must run until they’re at least 16 and run for a minimum of 10 years.

TESPs are available for every member of the household so a family of four could save up to £100 a month tax-free and, provided the TESPs have been set up in the parent's names, the money remains firmly under their control. In addition, the flexibility of TESPs mean that they can be set up to mature at different points in a child's life.

Providers with TESPs
Engage Mutual Assurance

Scottish Friendly

Advertisement

Request a Jump CTF or Jump Savings Brochure and receive a free copy of Money: Your Children, Their Future by Sarah Hamilton. Click here for more information.

Read Jump Savings Reviews Here