With the cost of going to university increasing every year, more and more young people are either being priced out of attending or ending up laden with debt upon graduating. Many parents are questioning just how they are going to be able to afford to send their children to university and realising that they need to start planning far in advance to give them a helping hand.
Giving Henry a helping hand
Robert and his wife Rachel went to see James Clapham, Independent Financial Adviser at N&P Market Deeping branch, for advice on how best to save for their son, Henry's, future. With interest rates on savings accounts so low and as Robert and Rachel were looking to invest for a relatively long period of time, James recommended an investment solution which they can hold in trust for as long as they deem appropriate.
A nice little nest egg
Robert explains why he chose N&P: "Following a recommendation, we went to see James when we needed some advice about how best to save for Henry's future. We wanted to maximise the growth potential of our investment so that there is a nice little nest egg to give Henry a helping hand when he's older whether that's further education, first car or towards a deposit for a house; and savings accounts couldn't provide us with that at the moment. I also like the fact that we are in control of the investment so we get to choose when Henry gets the money. He doesn't just automatically get it when he's 18, we could wait until he's 50!"
To find out how you could benefit from financial advice with N&P, talk to an Independent Financial Adviser today.
YOU MAY NOT GET BACK THE FULL AMOUNT OF YOUR INVESTMENT AND THE VALUE INCLUDING THE INCOME GENERATED MAY FALL.