Banks or Piggy banks? How to save for children.

During volatile financial times, future proofing against economic turmoil by investing for our loved ones can seem more pertinent than ever.

It’s not just sweet treats and biscuits that grandparents choose to give to their grandchildren. Grandparents are often keen to contribute to grandchildren’s savings as a way of rolling wealth down the generations and saving tax.

Whether it’s saving for school or university education, or to provide a deposit on a first home, giving your children or grandchildren a good start in life is among most people’s top priorities.

Maybe you want to teach your children or grandchildren smart money-management strategies, help them pay for university or set them up for financial success as adults? Whichever it is, it’s important to jump-start saving and investing for them early on.

Cash may seem like the safest option with guaranteed returns but there is a risk that interest will not keep up with inflation. A child will not lose money, but they may be able to buy