Everybody wants to &#103&#105&#118&#101 their children the &#98&#101&#115&#116 possible start in life, and &#109&#97&#107&#101 their future as &#115&#101&#99&#117&#114&#101 as possible. Two ways of &#104&#101&#108&#112&#105&#110&#103 them, &#109&#111&#110&#101&#121&#45&#119&#105&#115&#101, are by encouraging them to save with their own bank account, and by making &#105&#110&#118&#101&#115&#116&#109&#101&#110&#116&#115 on &#116&#104&#101&#105&#114 &#98&#101&#104&#97&#108&#102.

Childrens Accounts

Most high street banks &#111&#102&#102&#101&#114 &#99&#104&#105&#108&#100&#114&#101&#110&#115 accounts, usually a straightforward bank account &#119&#105&#116&#104 a moderate interest rate. &#84&#104&#101&#115&#101 &#111&#102&#116&#101&#110 &#99&#111&#109&#101 with &#105&#110&#99&#101&#110&#116&#105&#118&#101&#115 &#108&#105&#107&#101 &#102&#114&#101&#101 &#112&#105&#103&#103&#121 banks &#116&#104&#97&#116 are &#105&#110&#116&#101&#110&#100&#101&#100 &#116&#111 help children develop a sense of responsibility and prudence about money from an early age. &#89&#111&#117 &#109&#97&#121 like &#116&#111 &#103&#105&#118&#101 your child &#97 &#102&#105&#110&#97&#110&#99&#105&#97&#108 education &#98&#121 opening &#116&#104&#101&#109 their &#111&#119&#110 account though &#116&#104&#101&#114&#101&#115 &#110&#111&#116&#104&#105&#110&#103 &#116&#111 &#115&#116&#111&#112 you &#117&#115&#105&#110&#103 a &#110&#111&#114&#109&#97&#108 adult &#97&#99&#99&#111&#117&#110&#116 with better rates of interest.

National Savings

The Childrens Bonus Bonds are a tax-free savings &#97&#99&#99&#111&#117&#110&#116 specifically aimed at children. You can invest between 25 and 3000 a year for five years and &#103&#101&#116 guaranteed &#105&#110&#116&#101&#114&#101&#115&#116, plus &#97 bonus. Many &#112&#101&#111&#112&#108&#101 choose to &#103&#105&#118&#101 &#80&#114&#101&#109&#105&#117&#109 &#66&#111&#110&#100&#115 &#97&#115 gifts &#102&#111&#114 &#99&#104&#105&#108&#100&#114&#101&#110&#115 birthdays. If they win, it could give &#116&#104&#101&#109 &#116&#104&#101 best present ever!

Child Trust Bonds

The government have &#105&#110&#116&#114&#111&#100&#117&#99&#101&#100 a special scheme to &#103&#105&#118&#101 children a savings account &#102&#114&#111&#109 the very beginning. Any child &#98&#111&#114&#110 after &#49&#115&#116 September 2002 &#105&#115 entitled to a voucher worth &#50&#53&#48 to be &#105&#110&#118&#101&#115&#116&#101&#100 &#105&#110 a savings account. Visit www.childtrustfund.gov.uk &#102&#111&#114 details.

Its a good idea to invest for your childrens &#101&#100&#117&#99&#97&#116&#105&#111&#110 &#97&#115 early &#97&#115 possible whether that means &#112&#114&#105&#118&#97&#116&#101 &#115&#99&#104&#111&#111&#108 &#102&#101&#101&#115 &#111&#114 &#115&#117&#112&#112&#111&#114&#116&#105&#110&#103 them when they go &#105&#110&#116&#111 &#104&#105&#103&#104&#101&#114 education. Long term investments, such &#97&#115 &#98&#111&#110&#100&#115 with &#97 ten year &#116&#101&#114&#109, &#97&#114&#101 a &#103&#111&#111&#100 &#99&#104&#111&#105&#99&#101 for &#116&#104&#105&#115 purpose.

Children are taxed in &#116&#104&#101 same &#119&#97&#121 as adults, and have &#116&#104&#101&#105&#114 own &#112&#101&#114&#115&#111&#110&#97&#108 tax allowances. If you give money or assets to your own child &#97&#110&#100 &#105&#116 &#112&#114&#111&#100&#117&#99&#101&#115 an &#105&#110&#99&#111&#109&#101 of 100 or over, the &#105&#110&#99&#111&#109&#101 is &#99&#111&#117&#110&#116&#101&#100 &#97&#115 yours and taxed at your &#116&#111&#112 &#114&#97&#116&#101. You can avoid &#116&#104&#105&#115 rule &#98&#121 &#99&#104&#111&#111&#115&#105&#110&#103 investments with &#116&#97&#120 free &#114&#101&#116&#117&#114&#110&#115 &#111&#114 capital &#103&#97&#105&#110&#115, rather &#116&#104&#97&#110 income.

If people &#111&#116&#104&#101&#114 than parents give &#103&#105&#102&#116&#115 then the income counts as the childs &#111&#119&#110, and &#105&#110 this &#99&#97&#115&#101 its a good idea to &#97&#115&#107 grandparents or relatives to send a letter &#111&#114 card with any &#109&#111&#110&#101&#121 gifts. &#84&#104&#97&#116 &#119&#97&#121 you have proof of whom &#116&#104&#101 money came from in &#99&#97&#115&#101 &#116&#104&#101 &#116&#97&#120 office demands &#105&#116. For a detailed &#101&#120&#112&#108&#97&#110&#97&#116&#105&#111&#110 &#111&#102 childrens tax &#105&#115&#115&#117&#101&#115, &#108&#111&#111&#107 up the &#73&#110&#108&#97&#110&#100 Revenues &#119&#101&#98&#115&#105&#116&#101 at www.hmrc.gov.uk

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