Oyster Financial Solutions

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Investing for children

As a parent, you want to do everything you can to ensure that your children have a bright and secure future. One way to do this is by investing on their behalf. Not only can they start adulthood with some savings, but getting children involved early with saving also helps them learn important lessons about money.

The earlier you start investing, the better. Time is a powerful tool when it comes to investing, and the longer you have, the more time your money has to grow. Even if you can only contribute a small amount each month, starting early can make a big difference in the long run.

What investing opportunities are available?

In the UK, there are numerous different ways to invest in a child’s future. The main ones are:

Junior ISA – Junior Individual Savings Accounts (JISAs) are a tax-efficient way to invest for your child's future. Junior ISAs have a tax-free allowance of £9,000 per tax year, which can be invested in cash, stocks and shares, or a combination of both. The funds in a Junior ISA are locked in until the child reaches the age of 18, at which point the account will convert to a standard adult ISA.

Savings accounts – Many banks and building societies offer savings accounts for you to set up on a child’s behalf. You can start an account with as little as £1 for any child aged up to 18. There are two types of savings accounts: regular and instant access. Regular savings accounts are designed to encourage children to save an amount every month, and often run for a set amount of time whereas instant access allows you or your child to withdraw or deposit money at any time.

National Savings and Investment (NS&I) Premium Bonds – NS&I Premium bonds are investments placed in a savings account that allows penalty-free withdrawals. There is no interest earned, instead the interest rate funds are placed in a monthly draw and any prize won is tax-free.

Junior Self Invested Personal Pensions (SIPP) – Your child’s retirement may seem a world away, but you could consider opening a Junior SIPP to invest for their future. Parents can benefit from the tax relief associated with Junior SIPP as they can invest up to £2,880 each tax year with a 20% government top up. This amounts to the £3,600 annual contribution limit.

Child Trust Funds (CTFs) – Even though Child Trusts Funds (CFTs) are no longer available, you can still contribute up to £9,000 a year into an existing CTF account. If a child was born between 2002 and 2011, they might have a Child Trust Fund. These can be transferred into a Junior ISA.

It’s important to remember that investing is a long-term game, and that staying consistent with your contributions will pay off in the long run. Even if you can only contribute a small amount each month, it's better than nothing. Consistency is key when it comes to building wealth over time.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

HM Revenue and Customs practice and the law relating to taxation are complex and subj
ect to individual circumstances and changes which cannot be foreseen.

Approved by The Openwork Partnership on 19/05/2024

Investing for children This is "Investing for children" by The Openwork Partnership on Vimeo, the home for high quality videos and the people who love them.

Here is this weeks Weekly Investment Update from Omnis Investments. Their weekly podcast can be heard by visiting our website www.oysterfinancialsolutions.co.uk.

Weekly Investment Update By clicking this link you will be moving to a new website. It may not be regulated by the Financial Conduct Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

The Openwork Foundation June 2024 News.

The Openwork Foundation News 2024 June Edition Check out this Presentation designed by Roger Turpin.

It's almost time, wishing the boys best of luck with their first game.

Wishing all the Dad's and those that play the Father figure a happy Father's Day and thinking of those that have lost their Father 💙

Proud to be able to support Carrie, her team and the amazing work and support services they offer to our local community.

Lee and Steve of Oyster Financial Solutions, had the pleasure of presenting Carrie Wood, The Manager from SNAAP (The Special Needs Advisory & Activities Project), Windchimes, Reynolds Close, Herne Bay a cheque for £14,487 today.

Oyster Financial Solutions is a proud member of the Openwork Partnership, a network of UK based Financial Advisers. Many advisers that are part of the Openwork Partnership help to raise money for The Openwork Foundation who work with UK registered charities to improve the lives of people in our communities at home and overseas; who are socially, physically or mentally vulnerable. Every year advisers and colleagues raise over £500,000 to help those in need, from newborn babies to people in later life.

Oyster Financial Solutions decided earlier in the year to help a local charity to benefit from funding available from the Foundation. We focused on SNAAP primarily because of the connection that Lee’s autistic son Teddy has with the organisation, having benefited first hand from the incredible resources that the centre provides to disabled children and their families within the local community.

We approached Carrie in January this year with our proposals and encouraged her to apply for a grant from the Foundation.

Earlier this month we were delighted to receive the news that The Openwork foundation had approved the application and granted an incredible £14,487 to SNAAP.

This grant will now fund a Family Support Worker for a further twelve months which is fantastic news and allows Carrie and her team to now focus on additional fund raising for other important areas within the organisation.

Attached some photos from our presentation. Please take a few minutes a look at SNAAP's website www.snaap.org.uk to read more about them, their services and if you feel that you are able to help them with further fund raising, then please contact Carrie directly.

We would like a special mention to Peter Goodwin, owner of local estate agent Wilbee and Son, who kindly attended to take these photos.

Are you self-employed and feeling overwhelmed by the mortgage process? You're not alone! As mortgage advice experts, we can help you navigate the mortgage market.

Talk to us to find out more and call us on 01227 375500 or email us at [email protected].

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 05/04/2024.

Are you making the most of your annual allowances to help you achieve your long-term financial objectives.

Here is this week's Weekly Market Update from Omnis Investments. Their weekly podcast can be heard by visiting our website www.oysterfinancialsolutions.co.uk.

Weekly Market Update by Jane Hanlon - Infogram

Our new apprentice Leo is settling in well ....

We will be forever grateful. You will never be forgotten. Thank you.

4 things you need to consider before the end of the tax year: ISAs, pensions, gifting and inheritance tax.

2024/25 Tax Year Planning. We can help you.



HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Approved by The Openwork Partnership on 26/04/2024.

Here is this week's Weekly Investment Update from Omnis Investments. Their weekly podcast can be heard by visiting our website www.oysterfinancialsolutions.co.uk.

Weekly Investment Update By clicking this link you will be moving to a new website. It may not be regulated by the Financial Conduct Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

Please get involved for a great cause and the chance to win some tickets to really amazing local events!

We are raising funds for the Kent and Sussex Air Ambulance by raffling four complimentary tickets for the Kent Tribute Festival and two family tickets for the Monsterslam event. Please make your donation by going onto our GoFundMe page - https://www.gofundme.com/f/d9ybrt

The rules to be in the raffle for the tickets are as follows:

Minimum donation is £10 to qualify entry to the draw. However, you are free to donate as much as you can afford for this great cause to help us reach our target of £500.00.

You do not need to be a client of Oyster Financial Solutions to take part.

Please message us via our website oysterfinancialsolutions.co.uk, our page or by email [email protected] to confirm your donation/entry to the draw and leave your contact details.

Those that have donated £10+ will go into a hat with the three winners names pulled out on Monday 5th August.

The prizes:

1st Prize – 4 complimentary tickets to the Kent Tribute Festival at Strode Park, Herne Bay on 25th August 2024, 11am to 09.30pm. The value of these tickets are £173.60 including booking charge.

2nd Prize and 3rd Prize will be a family ticket (2 adults,2 children) for the Monsterslam event at Quex Park, Birchington on Sunday 11th August 2024.

• There is no monetary alternative to the tickets.

We are raising funds for the Kent and Sussex Air Ambulance by raffling four complimentary tickets for the Kent Tribute Festival and two family tickets for the Monsterslam event. Please make your donation by going onto our GoFundMe page - https://www.gofundme.com/f/d9ybrt

The rules to be in the raffle for the tickets are as follows:

Minimum donation is £10 to qualify entry to the draw. However, you are free to donate as much as you can afford for this great cause to help us reach our target of £500.00.

You do not need to be a client of Oyster Financial Solutions to take part.

Please message us via our website oysterfinancialsolutions.co.uk, our page or by email [email protected] to confirm your donation/entry to the draw and leave your contact details.

Those that have donated £10+ will go into a hat with the three winners names pulled out on Monday 5th August.

The prizes:

1st Prize – 4 complimentary tickets to the Kent Tribute Festival at Strode Park, Herne Bay on 25th August 2024, 11am to 09.30pm. The value of these tickets are £173.60 including booking charge.

2nd Prize and 3rd Prize will be a family ticket (2 adults,2 children) for the Monsterslam event at Quex Park, Birchington on Sunday 11th August 2024.

• There is no monetary alternative to the tickets.

Here is some handy budgeting tips for students. Please feel free to share.

We understand that Christmas seems a long way off but behind the scenes the Herne Bay Christmas Lights Team are already working hard. The reality is that there are a lot of additional costs involved this year as the electric supply needs major upgrading and a number of new lights need to be purchased to ensure the display remains fit for purpose. Please donate if you can, if we come together as a community we can make sure Herne Bay will Sparkle and Shine in 2024! https://gofund.me/43470660

Talk to us about shared ownership on 01227 375500 or via our website www.oysterfinancialsolutions.co.uk.

Here is this week's Weekly Investment Update from our friends at Omnis Investments. Their weekly podcast can be heard by visiting our website www.oysterfinancialsolutions.co.uk.

Weekly Investment Update By clicking this link you will be moving to a new website. It may not be regulated by the Financial Conduct Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

Here is this week's Weekly Market Update from Omnis Investments. Their weekly podcast can be heard by visiting our website www.oysterfinancialsolutions.co.uk.

Weekly Investment Update By clicking this link you will be moving to a new website. It may not be regulated by the Financial Conduct Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

Here this week's Weekly Investment Update from Omnis Investments, their weekly podcast can be heard on our website www.oysterfinancialsolutions.co.uk.

Weekly Investment Update By clicking this link you will be moving to a new website. It may not be regulated by the Financial Conduct Authority. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

Little things can be life-changing – like the stepladder that wobbled once too often.

So here’s one little thing you can do to protect your financial future, if an accident leaves you unable to work. Talk to us about income and accident protection today.



Approved by The Openwork Partnership on 26/06/2023.