Where to save for childrens future?

aka10

Hi,

I'm new to this so I hope I'm posting in the right place!
I would love advice on where to save/invest money for my children. I am currently saving £100/month in a high street account at 6% but am sure I could probably do better over the long term. I have no need to make withdrawals and plan on continuing saving for the foreseeable future. ? top up CTF, ?OIEC

Many thanks.

CLAPTON

presumably the 6% rate will drop to 0.1 % in 12 months time?

if so its useless for long term savings

if we are talking 10 years or more then a stocks and share option shoulde be considered as it has some hope of beating inflation

xylophone

Remember the tax implications of parents saving for minor children outside tax exempt schemes.
http://www.hmrc.gov.uk/tdsi/children.htm
https://docs.google.com/viewer?a=v&q=cache:b2yQlT9l7UoJ:www.theaic.co.uk/Documents/Factsheets/AICChildrensFactsheet.pdf+holding+shares+on+behalf+of+a+child&hl=en&gl=uk&pid=bl&srcid=ADGEESi5-cK2jv4pVy6Bz8WYDqPVLW1rmHVCGjWwztkrn0vofa06YR8G1npKDXSxwXjFN4mDmUXm1L6EGqP-37qjJ866rsf27P6J64BG_MmZqsJp2lUPcmCzLR_KioVARFhY88xyv33w&sig=AHIEtbQf2qulbTpAxpcE_OSaqojMAfXUOA

aka10

Thx so much for your replies. I will check out the links. Thx again .