UK kids want to learn about saving

Children are increasingly interested in learning about saving, according to new research

A study by Halifax highlighted that 77 per cent of UK kids are interested in savings with children in Wales the most enthusiastic about learning more about their finances.

Almost two-fifths of youngsters said that they would like their parents to talk to them about savings, while 20 per cent would turn to their teachers and eight per cent would look up information themselves on the internet.

Flavia Palacios, head of Halifax savings, said: "That children want to learn about savings is a very positive sign. This is especially encouraging in the light of the government's announcement to introduce Junior ISAs as this provides an ideal opportunity for parents to start talking to their children about saving."

Junior Isas are a new tax-free savings account which allow parents to put cash aside for their children's futures.

Funds placed in the account will belong to the child rather than the parents and can't be accessed until they are adults.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-11-03 14:34:05 © Moneyextra.com