UK parents diligently saving for their children’s future need to be on high alert for a tax trap that could ensnare them, as revealed by a money expert

New research highlighted that British parents might be prioritising their kids’ savings over the household’s, yet remain perplexed by the options available for under 18s.

Money guru Andy Webb has flagged up a lesser-known tax snag related to the interest earned on these savings.

Speaking to Ireland Live, the Be Clever With Your Cash connoisseur…