What are the top financial gift recommendations for Christmas?
We asked various financial advisers what their top financial gift recommendations are. Here’s what they had to say.
It’s not easy finding the right gifts for loved ones at Christmas, but if you’re looking for an unusual present that could have long-term potential, a financial gift is worth considering.
We asked various financial advisers what they recommend.
Summary
- Company shares and Premium Bonds are among the top recommended financial gifts.
- Financial gifts can potentially provide some long-term benefits beyond Christmas, although some may have tax implications the recipient needs to consider.
- Unbiased can quickly connect you with a qualified financial adviser who can help you navigate your finances and meet your goals.
Company shares and Premium Bonds are among the most popular financial gift recommendations for Christmas, according to Unbiased, who gathered insights from professionals to find interesting financial presents you could gift this festive season.
Here’s what the experts had to say.
Company shares
Company shares are the most popular choice among advisers as they offer growth potential and an opportunity to learn about investing.
“Company shares are a great investment as they encourage people to be involved and take an interest in the financial markets,” says Zachary Evans of Touchstone Investment Advisers.
Sam Ogg from Quilter Cheviot Financial Planning adds: “Carefully chosen direct shares or units in a collective fund not only provide the potential for growth but can also spark an early interest in investing for the future.”
Premium Bonds
Another popular recommendation is Premium Bonds, a type of savings account with the potential to win tax-free prizes of up to £1 million.
Deborah Harney from Sorted and Co says: “Premium Bonds are great - they are an eternal lottery ticket that could pay out big over and over again.
“Should the recipient be less than enthusiastic, they can cash them in at any time - no searching for the receipt.”
Andrew Young from Becketts also feels Premium Bonds are worth considering, stating: “There’s nothing wrong with a good old Premium Bond.
“You never know; if they win the million, they might share it with you!”
Financial books
Unsurprisingly, books about finance also ranked highly as they offer invaluable insights into money management.
Rohit Rohela from Finsbridge Financial Planning says: “Gifting books that provide personal finance education are more than just understanding numbers or managing a budget; it’s about empowerment, security, and achieving life goals.”
Jason Witcombe of Empower Partners also agrees, saying: “Financial books make a great gift because the reader can benefit from a lifetime of the author's experience, distilled into just a few hundred pages.
“My all-time favourite is ‘The Psychology of Money’ by Morgan Housel. It's an easy read yet extremely thought-provoking.”
Andrew Neligan, from Neligan Financial, recommends ‘Grandpa's Fortune Fables’ by Will Rainey. “This excellent book teaches children the important elements of money in an engaging way, making it appropriate for children from age seven,” comments Neligan.
Other recommended financial books include:
- ‘A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy’ by Burton G. Malkiel
- Rich Dad Poor Dad by Robert T. Kiyosaki
Financial app subscription
A subscription to a financial app is another gift suggestion.
“I think it's especially important to get the under 30s thinking about investing this way. We have the highest level of disposable income but the least in savings - surely there's a gap there to get younger people investing - something I'm very passionate about,” says Luke Turner from Titan Wealth Planning.
Paul Waterfall from WR Ethical suggests an Ethical Consumer subscription.
“They say money is power... so where you invest, save and spend will have an impact on the world around you - Ethical Consumer gives digestible and thorough information to help you make a difference with your money,” comments Waterfall.
Pension contributions
Pension contributions also made the list.
“Inheritance tax exemptions have been attacked; this is one of the few that are left,” comments Marcus Warburton from Leo Alexander Wealth & Financial Management.
“Grandparents should do what they can, and this is a gift that lasts a lifetime.”
Samuel Mather-Holgate from Mather & Murray Financial agrees and says you get the “joy of seeing the government top up your contribution this Christmas too.”
Unusual gifts
For a unique gift, Paul Willans of AJB Wealth suggests a walking tour of London’s financial district.
“Whether you’re interested in the history of finance, the current state of the markets, or the industry’s future, this is the perfect way to explore the heart of the capital’s financial district in a personalised and informative way; a must for anyone who wants to understand London’s financial markets and their impact on the world,” comments Willans.
Cryptocurrency
While many advisers recommended traditional investments and financial gifts, others suggested alternatives such as cryptocurrency, which is known for its high levels of risk.
Marc McGhie from McGhie Mortgages says: “Gifting crypto isn’t just about giving an asset; it’s about introducing someone to an innovative financial system that could redefine how we invest, transact, and store value.”
Disclaimer: These gift ideas are recommendations from advisers and are based on their personal opinions. It’s always a good idea to seek expert advice beforehand.
Need financial advice?
Unbiased can quickly connect you to a qualified financial adviser who can help you reach your money goals, whether you’re investing, buying a home or planning for retirement.
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