Your children’s financial future | Do More With Your Money 185
How can you help your children enjoy a brighter financial future with a Junior ISA and Junior Pension? Our expert panel explain how you can empower the next generation and protect your own wealth in a tax efficient way when investing for the long-term. One of the best ways to help your children do more with their money is to start talking about and setting financial goals early in their life, the panel discuss how to start those conversations early. 0:00 How to give your children a brighter financial future2:34 Using Junior ISAs and Junior Pensions to help your children5:18 Compounding in an investment as early as possible8:33 How Junior ISAs work10:27 How a Junior Pension works13:16 How your money is invested by True Potential's expert managers15:09 Child Trust Funds explained 16:30 The ease of transferring investments to True Potential18:37 Naming beneficiaries to help with Inheritance Tax20:42 Having conversations with your kids about money22:14 True Potential are going into schools to improve financial education25:54 True Potential's Great North Run fundraising27:08 Investing is a marathon not a sprint28:50 Our panel share their top tips for the next generation