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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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.
Use Rules To Avoid Resentment
- Treat children differently only to the extent their maturity and timing demand it, but aim for fairness.
- Set clear rules or milestones so differential gifts don't become sources of resentment.
Small Choices Trigger Big Feelings
- Parents stopped ISA contributions for a successful son but continued for a less well-off daughter, causing the son to feel penalised.
- The small funding choice revealed strong feelings about fairness despite modest cost.