Saving for children

alchemistkevin

What's the best way to save for kids for high-rate tax payers please?

I've read Martin's articles but not very clear on what limits to exhaust in what fashion.

I'm planning/hoping to utilize all tax free allowance available.

Would be very glad if I can receive some help in planning please.

Cranston_2

I have opened kids accounts with HSBC. They pay an OK amount of interest.When they are 11 they get online banking, at 13 a solo account & 18 the account turns into a proper chequing account.

Sign the IR form and the kids get their interest tax free.

I know other banks do a similar thing but I like HSBC.

alchemistkevin

Thank you but I'm looking to find the limits to which I can save tax free.

alchemistkevin

Any help please?

Nala

Does THIS help?

alchemistkevin

Thanks, I'll give it a read and update.

foxy.1

I am in the same boat as you but have discovered myeggnest.com which is a real help plus they write for mumknowsbest.co.uk who have regular up-dates and features on this...I love both these sites and use them a lot! They cover the Child Trust Fund vouchers, saving for private school fees and saving for your children to have something at the end of the day -