5 Financial Christmas Gifts for Children

FUTURE PROOF: A nest egg will help give children and grandchildren a better start in life and encourage them to develop personal responsibility

Hargreaves Lansdown 9 December, 2014 | 4:53PM

As part of our Guide to Financial Gifts for Christmas, Danny Cox of stock broker Hargreaves Lansdown outlines five options for financial festive gifts for children this Christmas.

The first contact most young adults get with money is a bucket load of student debt. A future nest egg will help give children and grandchildren a better start in life and encourage them to develop personal responsibility.

Children’s Savings Accounts

Children can elect to have bank or building society accounts pay gross interest without tax deducted, assuming they are non-taxpayers. Some accounts are specifically designed for children such as Halifax's Children's Regular Saver account pays 6%.

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About Author

Hargreaves Lansdown  Hargreaves Lansdown is a financial services company based in Bristol that sells funds and shares and related products via its website and through the post to retail investors in the United Kingdom.

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