Child savings
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AFTER_8_2
Posts: 1 Newbie
I have just received a cheque for £4000 from LV f or a 10 year savings plan I invested in for my child. I want to reinvest this and pay additional monthly contributions into the fund. My child is 11 so I would like to save in this plan until she needs the money for uni or a car etc. I am a higher rate tax payer. Hope I have provided enough information for some investment advice. Can anyone advise of a plan or savings account that would suit my situation please.
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Eligible for JISA? https://www.gov.uk/junior-individual-savings-accounts/overview
You can put in £3600 in this tax year and up to £3720 in the next.
http://www.halifax.co.uk/isas/
http://www.jisa.org/
http://www.hl.co.uk/investment-services/junior-isa
http://www.cavendishonline.co.uk/why-cavendish-online/press-coverage/oct-2011-junior-isas-now-available/
might be worth a browse.0
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