There comes a time when you start thinking about the next generation’s future. This course looks at using Junior ISA’s and SIPP’s to give money to dependants in a tax efficient manner and save for big bills such as college, a house deposit, gap year abroad. You may even want to combine it with teaching children to save for themselves.
The learning outcomes are:
- Understand how taxation applies to children
- Understand the benefits of using tax wrappers (ISA, SIPP)
- Be able to assess which options are appropriate based on when the funds are likely to be need, your disposable income and the greater risk tolerance on long term investments