Helping Ruby save for her great-grandchildren’s futures
Like many grandparents, Ruby wants to give her great-grandson, Ethan, a helping hand financially. With university costs rising, she doesn’t want this stopping him from reaching his full potential in the world of animal science.
While Ethan’s parents can easily set up a JISA, your advice can help ensure Ruby’s contributions are invested in the most suitable funds. You can also look at her wealth holistically to help her decide how much she can contribute without impacting her ability to pay for future care.
Our case study explains in more detail the value your advice can add.
The costs of university are only getting bigger
In 2008, the average student debt was £10,870.
It now stands at an estimated £45,800 for students who started their course in 2021/22. *
The sooner a savings plan is established for a child, the longer it has to grow towards the substantial amount required to contribute to higher education.
Our case study shows the potential growth of a JISA.
*Source: https://researchbriefings.files.parliament.uk/documents/SN01079/SN01079.pdf
**based on growth rate of 4.57%