Merryn Talks Money How Much Should You Really Give Your Kids? Inheritance, Incentives and Money Mindsets with Hamish Leng
Dec 17, 2025
Hamish Leng, a veteran financial planner with over 40 years of experience, shares his expertise on wealth transfer and parenting in this enlightening discussion. He emphasizes the importance of teaching financial responsibility through early investments and meaningful conversations. Hamish argues that self-confidence should come from achievements rather than inherited wealth, and he offers strategies for fair gift distribution among siblings. Additionally, he discusses tax-efficient gifting methods and encourages parents to secure their financial future before passing on wealth.
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Start Money Chats Early
- Talk about money early and give children small financial responsibilities like pocket money and a savings account.
- Observe their choices to judge readiness before gifting significant sums.
Small Stakes Reveal Big Habits
- One child put most of a small investment into cryptocurrency just before it crashed, revealing risk behaviour early.
- The parents used that result to reassess how much to trust that child with larger sums.
Confidence Comes From Doing
- Self-confidence comes from achievement, not being handed money.
- Parents should foster skills and accomplishments to build children's lasting confidence.