Here are three tax-efficient ways to give long-term value this Christmas:

1. The Gift of a Junior ISA

Junior ISAs allow up to £9,000 a year to be invested for a child, with all growth completely taxfree. The funds become accessible at age 18, often helping with university, first homes or early career costs.

2. The Gift of a Children’s Pension

You can contribute £2,880 annually on behalf of a child, boosted immediately to £3,600 with tax relief. With decades of growth ahead, even small contributions can compound into significant future value.

3. The Gift of Time and Compound Growth

Starting early gives a child’s money the chance to grow on its growth, year after year. This long-term advantage costs nothing but can make a remarkable difference.

You don’t need to be a wise man to plan a gift that lasts for a child.

If you’d like guidance on giving for children or grandchildren, I’d be happy to help.

___

This content is for general information only and does not constitute advice. The information is aimed at retail clients only. The content was accurate at the time of writing, changes in circumstances, regulation, and legislation after the time of publication may impact on the accuracy of the article. The Financial Conduct Authority does not regulate advice on taxation or estate planning.

Succession Wealth is a trading style of Succession Wealth Management Limited, which is authorised and regulated by the Financial Conduct Authority. Financial Services Register number 588378. For further details on authorisation and registration details, please refer to the Key Disclosures section.

FP2025-652