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Saving For Children Advisors in Leeds

If you have any children or grandchildren you may want to open a savings account for them to encourage them to save from an early age. In general, children's savings accounts work like adults' accounts, but some schemes are designed specifically for children.

Children, like adults have a Personal Allowance of £6,475 for the tax year 2010-11, any interest is paid without the tax being automatically deducted by filling out the Inland Revenue R85 form (the bank should give you one of these).

You can give a child or invest on their behalf as much money as you like. But if you're a parent or step-parent and the money you give your child earns more than £100 interest a year, this interest will be taxed as if it were your own.

Ask one of our qualified IFAs how to save money for your children.

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From IFAs to mortgage brokers, insurance advisors to credit companies, Find Financial has Leeds covered. We've compiled a list of the best advisors offering Saving For Children Advisors in Leeds. Simply click through to the provider who appeals and check their credentials, and if you've already experienced their work first hand feel free to write a review or feedback to help others in the future.

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