Long term investments for children

Scouse_Mick

Hello,

Its my nephew's first birthday in a few weeks and I want to set up some kind of investment for him.

I'm ideally looking for something locked in for the long-term (say 15-20 years) but which allows the possibility of adding in lump sums over the years.

Does anyone have any ideas / recommendations on this?

Thanks

Michael

dunstonh

investment trusts or unit trusts are probably the ideal option. Flexible and able to transfer when required.

baby_boomer

A maximum £1,200 can be added to a tax free child trust fund each year from parents, relatives or well-wishers. But you might want to have an investment to which only you contributed. Or the parents may be covering this £1,200 off their own bat. The child gets all the CTF money at 18 and not before.