---------- In this episode of the Money Gains Podcast we welcome Sophia Jarvis... "Wealth Manager of the Year" turned founder of Mia Wealth... to the show.
Sophia, a Chartered Financial Analyst who spent 15+ years managing family wealth, gets into why 90% of UK kids have no investments to their name, the accounts nobody tells you about, and how a tiny amount each month could set your child up to be a millionaire, buy their first home, and never feel the money panic the rest of us grew up with.
Sophia's Links 🔗
Are you a parent who wants to start investing for your child, or a gifter who wants to buy investments instead of more stuff?
When you invest your child’s capital is at risk. Tax treatment is subject to individual circumstances and is subject to change. Money held in a Junior ISA is normally only accessible by the child once they turn 18 and a private pension can currently be accessed at 55.
✅ Why 90% of UK kids have no investments, and the account less than 1% children have but that could make your child a millionaire ✅ The Junior Pension almost no one talks about and the 25% government bonus you get on all contributions into it ✅ How her own dad turned a £120 contribution each month into £70,000 by her 18th birthday, and what it taught her about compounding ✅ Why we're drowning in plastic toys (the average 10-year-old owns 238 and plays with 12), and how to redirect gift money into their future ✅ Junior ISA vs Junior Pension vs Premium Bonds, which to actually use, and the first step to take today
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DISCLAIMER: This episode is meant for educational purposes and should not be considered financial advice or UK tax advice. When you invest your capital is at risk. Past performance is not a guarantee of future success. Always do your own research.
This episode description contains affiliate links - if you click on one and make a purchase we may receive a small commission. This does not alter our suggestions and there is no charge for you.
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