Savings/Investment account for a child?

Barney088

My father has recently decided to give £25 a month for our two youngest children to put towards savings/investments. I've done a family assurance policy for our eldest child and am happy with the growth

Is there any other savings/investment plan I should look into?

They are 5 and 6 and would be getting the money as long as their grandfather is alive, hopefully a long time. I would like them to have a lump sum to put towards something nice when they are older.

Any suggestions?

dunstonh

Will the grandfather have them in his name re the child and in an appropriate trust to ensure they are recorded correctly to avoid IHT and make sure the benefits are paid out correctly?

Or is he just giving you the cash and you placing it?

Barney088

He's giving me the cash to invest for them and I think he'd like to see that I'm not investing it in the Nags head!

Thanks