Saving Advice for Children & Grandchildren in Newmarket | DG Financial

Saving for children

Financial advisors for childrens savings in Newmarket, Suffolk

Saving for your children’s future is about more than putting money aside — it’s about creating meaningful opportunities while maintaining balance in your own financial life. At DG Financial, we help families bring clarity and structure to their savings, ensuring every decision supports both short-term flexibility and long-term growth. Whether you’re planning for education, a first home, or simply giving your children a strong financial start, we create a personalised strategy that fits around your wider goals.

We typically help clients to:

Build structured savings plans for each child
Understand how much to save and over what timeframe
Invest for long-term growth rather than relying on cash
Balance children’s savings with their own financial priorities

Where appropriate, we recommend a blend of tax-efficient accounts and investment strategies to provide the right mix of growth, access and control. Our approach ensures you can support your children’s future without compromising your own — adapting as circumstances change over time.

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Case study

Tom (38) and Rachel (36), both professionals with two young children, approached DG Financial wanting to start putting money aside for their children’s future.

They were keen to help with future costs such as university fees or a first home deposit, but weren’t sure how best to structure their savings.

While Tom and Rachel had good incomes and were already saving regularly, they lacked a clear strategy when it came to their children.

Their concerns included:

how much they should be saving for each child

whether to use savings accounts, ISAs or other options

ensuring money would grow over the long term, not just sit in cash

balancing saving for their children with their own financial goals

maintaining control over how and when the money would be used

They wanted to give their children a strong financial start — but without overcomplicating things or putting their own plans at risk.
We helped Tom and Rachel put a structured, long-term plan in place that balanced flexibility, growth and control.

1. Defining the objective
We started by understanding what they wanted to achieve. Rather than targeting a specific number, we focused on creating meaningful financial support at key life stages — such as education or getting onto the property ladder.

2. Structuring their savings strategy
We recommended a combination of approaches so they weren’t relying on a single solution:

allocating funds into tax-efficient accounts for long-term growth

maintaining accessible savings for shorter-term needs

keeping some assets in the parents’ names to retain flexibility and control

This gave them a balance between growth, access and oversight.

3. Investing for the long term
Given their children’s ages, we introduced a long-term investment strategy designed to benefit from compounding over time, rather than relying on low-interest cash savings.

4. Maintaining flexibility
A key part of the plan was ensuring Tom and Rachel could adjust contributions over time and retain the ability to redirect funds if needed — something many parents value as circumstances change.

5. Aligning with wider financial planning
We ensured that saving for their children did not come at the expense of their own financial security, particularly their retirement planning — a critical but often overlooked balance.
With a clear plan in place, Tom and Rachel were able to:

build a structured savings plan for both children

invest with a long-term strategy rather than relying on cash

retain flexibility and control over how funds would be used

feel confident they were supporting their children’s future without compromising their own

Most importantly, they had clarity — knowing they were taking consistent, meaningful steps rather than leaving things to chance.
Saving for children is about more than just putting money aside — it’s about creating opportunities for the future while maintaining balance today.

At DG Financial, we help families:

create structured savings strategies for children

invest for long-term growth in a tax-efficient way

balance family goals with personal financial security

make confident, informed decisions for the next generation

Financial Planning for Pensions, Retirement & Estates

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Pensions

We help you select the right scheme for you depending on your needs and objectives. You may wish to invest in a particular asset class or simply to maximise tax-free cash and deliver the pension income you want.

Retirement Planning

Retirement can mean many different things for different people. We work with you to create a plan to fund your retirement, that is designed to cater for your desired lifestyle.