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Best way to invest childrens savings?
ferry
Posts: 2,017 Forumite
At the moment my kids savings of around £1k each are in a basic Nationwide Kids cashbuilder account in their names(wife & I are authorised signatures)
I can only guess that thier money is not earning much interest but is tax free.
Is there a better way of investing their money in their names like a kids ISA or other..?
We may require quick access from time to time to allow them (controlled) treats for themselves!
Thanks as usual
F
I can only guess that thier money is not earning much interest but is tax free.
Is there a better way of investing their money in their names like a kids ISA or other..?
We may require quick access from time to time to allow them (controlled) treats for themselves!
Thanks as usual
F
:j
0
Comments
-
http://www.hmrc.gov.uk/tdsi/children.htm
CTF or JISA savings are not available to the child until he is 18.
http://www.money.co.uk/savings-accounts/childrens-savings.htm0
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