investments for kids
investments for kids
Author
Discussion

JakeR

Original Poster:

3,950 posts

299 months

Monday 21st January 2013
quotequote all
Hi folks,

My parents have very kindly given us some money to invest for our kids. I just wanted to get a handle on what investments were out there for the under 18s?

so far I've got:

- CTFs if you're the right age
- Junior ISAs
- bank deposit accounts
- Premium bonds


any more to add?

thanks

JakeR

Edited by JakeR on Monday 21st January 13:07

RESSE

6,148 posts

251 months

Monday 21st January 2013
quotequote all
JakeR said:
Hi folks,

My parents have very kindly given us some money to invest for our kids. I just wanted to get a handle on what investments were out there for the under 18s?

so far I've got:

- CTFs if you're the right age
- Junior ISAs
- bank deposit accounts
- Premium bonds


any more to add?

thanks

JakeR

Edited by JakeR on Monday 21st January 13:07
JakeR

Some useful information here:
http://www.nsandi.com/savings

LordHaveMurci

12,338 posts

199 months

Monday 21st January 2013
quotequote all
JakeR said:
Hi folks,

My parents have very kindly given us some money to invest for our kids. I just wanted to get a handle on what investments were out there for the under 18s?

so far I've got:

- CTFs if you're the right age
- Junior ISAs
- bank deposit accounts
- Premium bonds


any more to add?

Investment trusts
Pensions

thanks

JakeR

Edited by JakeR on Monday 21st January 13:07[/footnote]
[footnote]Edited by LordHaveMurci on Monday 21st January 14:49

Jockman

18,414 posts

190 months

Monday 21st January 2013
quotequote all
Pension.

You put in £80. The Government puts in a further £20.


ellroy

7,846 posts

255 months

Monday 21st January 2013
quotequote all
Collective funds via a nominee account (bare trust).

Deepending on amount an IFA may be worth the fees.

JakeR

Original Poster:

3,950 posts

299 months

Monday 21st January 2013
quotequote all
Jockman said:
Pension.

You put in £80. The Government puts in a further £20.
Not really suitable in this instance (more of a university fund type thing tbh), but what sort of pension are you talking about?

thanks All

JakeR

Jockman

18,414 posts

190 months

Monday 21st January 2013
quotequote all
Any pension you like Jake.

I opened one each for my 3 stepdaughters years ago, in this format, as well as 1 for my grandson when he was born 2 years ago.

I operate them on the Transact Platform, choosing my own funds smile

voicey

2,494 posts

217 months

Monday 21st January 2013
quotequote all
I opened a stakeholder pension for my daughter when she was born. I threw in the max for the year and have left it at for the time being. Got it spread across a few funds so hopefully it'll see her in good stead for when she is older.