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£5000 best way to invest for child until 18?
jukes_2
Posts: 14 Forumite
Hello,
I have £5000 to invest for each of my two children aged 1 and 3, given to them by their grandfather. I want to invest it the best way possible and will not need access to it until they are at least 18. Savings accounts? or other ways?
Please advise as most info I've read refers to instant access accounts not long term investments no access investments.
Thanks.
I have £5000 to invest for each of my two children aged 1 and 3, given to them by their grandfather. I want to invest it the best way possible and will not need access to it until they are at least 18. Savings accounts? or other ways?
Please advise as most info I've read refers to instant access accounts not long term investments no access investments.
Thanks.
0
Comments
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invesment trusts and unit trusts are the main investment options used for this purpose.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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