Child investments
Discussion
My son was born a few weeks ago and we now have an envelope containing around £1000 from gifts. Where is the best place to invest?
Don't totally like the sound of child ISAs to be honest though may stick some in at some point.
A very generous grandparent also want to set up a standing order for £200 per month into an account for him. Any suggestions on where to put it would be gratefully received
Don't totally like the sound of child ISAs to be honest though may stick some in at some point.
A very generous grandparent also want to set up a standing order for £200 per month into an account for him. Any suggestions on where to put it would be gratefully received
Still not sure I like the locked away nature of the child ISA for the full amount. I take it I could invest in a product like this
http://www2.firstdirect.com/1/2/savings/regular-sa...
I'm presuming as the monthly cash is from a grandparent there would be no tax payable?
http://www2.firstdirect.com/1/2/savings/regular-sa...
I'm presuming as the monthly cash is from a grandparent there would be no tax payable?
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