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How parents can turn their children into millionaires by 43 with simple investment

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Parents seeking to secure their children's financial future have been offered a simple tip by retirement gurus: regularly contribute to a Junior ISA.

By putting in the maximum £9,000 annually, they could provide their offspring with a nest egg of over £255,000 by the age of 18.

According to specialists at Hargreaves Lansdown, if the contributions continue at £5,000 each year towards the child's ISA, they would amass £1 million by the age of 43.

Furthermore, continuously investing £3,600 per year into a Junior SIPP could lead to a pension pot close to £98,000 when the child turns 18.

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