investments for kids

[JakeR]

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]

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]

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]

Pension.

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

[ellroy]

Collective funds via a nominee account (bare trust).

Deepending on amount an IFA may be worth the fees.

[JakeR]

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]

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

[voicey]

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.