2 children with a little inheritance to save
suggs78
Posts: 1 Newbie
Hi,
Looking for a bit of advice. I have two children who have both inherited £1000 each from their late Gt Grand father.
One child is 13yrs, 14 in August and the other is 16yrs, 17 in Feb.
I'm unsure what to do in order to best get the most for their money.
I want to save it until they're both 18years (or 21yrs if I can)
I've looked at the junior ISAs. Would I be best setting up one account to look after both their monies? or two seperate accounts?
What are the best options in saving this money? Would this alter any advice, if I said i could invest a monthly amount, say £5?
Looking for a bit of advice. I have two children who have both inherited £1000 each from their late Gt Grand father.
One child is 13yrs, 14 in August and the other is 16yrs, 17 in Feb.
I'm unsure what to do in order to best get the most for their money.
I want to save it until they're both 18years (or 21yrs if I can)
I've looked at the junior ISAs. Would I be best setting up one account to look after both their monies? or two seperate accounts?
What are the best options in saving this money? Would this alter any advice, if I said i could invest a monthly amount, say £5?
0
Comments
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ISA must be one per child. Stick a quid in Halifax ISA for you, and the kids will get their 6% JISA. Put the lot in one go. You may need to ensure the one hour account opening ceremony/sales pitch.illegitimi non carborundum0
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