Tag Archives: Bank of Mum and Dad

Moving on from the Bank of Mum and Dad

The Bank of Mum and Dad

An American study has found around two-thirds of wealthy families lose their wealth by the second generation. The same study reported it took less than 20 days for the average inheritance recipient to splurge on a new car. A significant challenge facing financially successful parents is how they might help their offspring develop positive money […]

Lifetime ISA – One for the kids and/or grandkids?

School Fees Planning

Since April 2017, you’ve been able to open a Lifetime ISA if you’re aged between 18 and 40. For every £4 you pay in, the government will add £1. You can pay in a maximum of £4,000 a year to receive the £1,000 bonus from the government, which will be added at the end of […]