Nursery, school or trade customer? Call our sales team for deals on bulk orders.

Building a nest egg for your children

Posted 24th May 2024

Giving Children a Head Start

We all want the best for the children in our lives. Whatever the future holds, we want to make sure they’re happy and have every opportunity to do well. Of course, money isn’t everything, but it can give children a valuable head start. A nest egg can pay for education, give them access to different opportunities and help them establish their adult lives. Starting to save money now will give them more freedom to make the choice they want when the time comes. It’s one more way you can give them the best start in life. Will Diggins is a dad of one and a Financial Planner for Ryley Wealth Management. Here he gives his advice on planning for the future.

Potential Future Costs

As we all know, children are expensive from the get-go! But while families may be able to meet many of the expenses of raising young children from their income, as adulthood approaches you might appreciate a pot of cash to give them a leg up.

From passing their driving test and buying their first car, to going to university or buying their first home, young adults face some major expenses. You can help them find their feet and pursue their dreams. The sooner you start saving, the more choice and opportunity they’ll have when they’re older.

Start Early

The good news is you don’t need to put away a huge amount each month to build a good nest egg for a child. The most important thing is to start saving as soon as you can. If you start this whilst the kids are young, time is on your side and it’s surprising how much relatively small amounts of money saved on a regular basis can grow over time. There are a number of ways to invest for a child that will suit all circumstances, some of the key ones are below:

  • Junior ISA – these have to be set up by a parent or legal guardian, but anyone can contribute once they have been set up. The money cannot be accessed until the child turns 18 and only the child can access the funds. They can either to choose to keep investing or withdraw the money if needed. You can pay in money regularly or make one-off payments and all returns are free of Income Tax and Capital Gains Tax. You can pay a maximum of £9,000 in per tax year.
  • Set up a Trust – Another option is to set up a Bare Trust or ‘designated investment account’ for a child. This allows grandparents who want to invest money for their grandchildren to have control over the funds until the grandchild becomes the owner of the investment aged 18. At that point they can make their own decisions about what to do with the money. There is no limit on what can be invested.
  • Pension – The idea of starting a pension for a child might seem strange, but for some families it can be a very smart decision. These have to be set up by a parent or a legal guardian, but anyone can contribute to them. The combination of tax efficiency and time horizon that could span more than 60 years, gives your money a fantastic opportunity for growth. The fact that the money cannot be accessed until later in life means that the temptation to tap into the funds is gone. You can put a maximum of £2,880 per tax year into a pension for a child, tax relief will boost this up to £3,600.

Plan Now

Parents should plan as early as they can for the future of the next generation. Financial planning for children’s futures is essential for ensuring their educational opportunities, handling emergencies, teaching financial literacy, supporting significant life events, and reducing stress. It helps create a secure and stable financial environment for both parents and children. 

The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and the value may fall as well as rise. You may get back less than the amount invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.


If you would like to speak to a Financial Planner to discuss your options, you can contact Will Diggins from Ryley Wealth Management on 07584 018360.

Ryley Wealth Management is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website:

SJP Approved 31/05/2024

Reviews by Happy Parents
This is the best cupboard lock I’ve ever used. My son is into everything and seems to destroy anything, so we needed something strong that would keep him out of the dangerous cupboards and this is definitely it. It can be a bit fiddly at first (I think it’s because we have curvy handles on the cupboards) but you soon get used to using it and now I don’t even think about it. Easy to fit and looks nice and neat too.

Jayney (verified customer) May 2024

The Penguin Daysack is fabulous. It gives me control and safety of my daughter but with her feeling she has independence and can walk a little ahead of me like a big girl. The backpack is a great size for popping in a snack and couple of nappies in. Or their favourite toy and juice. I like it clips round the front (on their chest) so the day sack isn’t going to come off easily. My daughter likes wearing it as it feels like a backpack to her and not a set of reins. But Mummy loves that she’s always safe but gaining confidence and road safety awareness every time we go out.

Helen (verified customer) May 2024

The Clippasafe Fridge & Freezer Lock has been an absolute God send! Such a clever little gadget! Really easy to install, less than 2 minutes and no tools needed, bonus! Sturdy clasp which catches and locks every time which gives peace of mind each time you’ve been in the fridge. Simple to operate and I’m just wondering why I haven’t had this in my life earlier!

Andy (verified customer) May 2024

I’ve used the Clippasafe Shampoo Shield for about 6 months on two children and it’s still going strong. I love the fact that I can wash my toddler’s hair with little fuss. She tends to pull off anything one puts in her hair and yes she tried to take this off as well until I poured water over her hair! It’s also soft and flexible, making it easy to wear and adjustable for different head sizes.

Temi (verified customer) May 2024

The 22 Piece Home Safety Starter Kit has been an absolute God send! Everything was so easy to install and has stood up to the test of my 11 month old putting all her effort into opening things she shouldn't be! The Door Stoppers have stopped a few accidents already and the Cupboard Locks have stopped her getting into the chemicals. Thank you so much to Clippasafe for helping put this worried mama's mind at rest that my baby is safe!

Charlotte (verified customer) May 2024

The Night Light is absolutely amazing! It's not too bright so it doesn't make your little one fully wake up if they have woken up for a night feed, nappy change or whatever it is. Before we got this night light, my little girl would take so long to fall back to sleep afterwards due to my bright phone torch making her wide awake, but now she settles again pretty much instantly.

Jade (verified customer) May 2024

We’ve found this Child View Mirror so helpful and reassuring, especially during long car journeys. As a mum I have this urge to look at my child in the back every five minutes just to make sure they’re ok. I’m sure a lot of parents can relate to this, but it is dangerous if you’re driving. This mirror takes the risk out of checking on your child and keeps us parents reassured. It’s so easy to use and high quality, I would recommend it to any parent.

Emily (verified customer) May 2024

I was dreading having to lock everything up but Clippasafe's Cabinet Slide Locks are really simple to pop on and off the cupboards. Little man has already tried opening our cupboard in the lounge and luckily these locks have worked well to keep him safe.

Emma (verified customer) May 2024

Great car organiser - value for money, easy to fit, plenty storage pockets plus drink bottle pockets and a clear screen to see tablets or iPads. It’s all round great !

Annabel (verified customer) May 2024