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Longterm Savings for Children(s) University etc
thechief1979
Posts: 18 Forumite
Hi,
Looking for advice on long term savings for our first childs future - possibly towards university fees.
not got a lot to spare so was thinking if we start early (-2months to be precise!) it'd amount to a half decent sum after 18 years.
£20 per month plus any cash gifts family and friends would like to give to contribute (birthdays/xmas etc)
I think stock&shares isa might be the best idea but I have no idea where to start with that!? should I leave it to an independent FA to get the best deal?
or are regular savings accounts (e.g 1st directs 6%) the best bet and switch to the top payer every year?
reluctant to give full control to the child e.g. child bonds encase he/she's a wild one (like m&d many moons ago:o) and p***es it up the wall on their 18th birthday!
many thanks for any advice
Looking for advice on long term savings for our first childs future - possibly towards university fees.
not got a lot to spare so was thinking if we start early (-2months to be precise!) it'd amount to a half decent sum after 18 years.
£20 per month plus any cash gifts family and friends would like to give to contribute (birthdays/xmas etc)
I think stock&shares isa might be the best idea but I have no idea where to start with that!? should I leave it to an independent FA to get the best deal?
or are regular savings accounts (e.g 1st directs 6%) the best bet and switch to the top payer every year?
reluctant to give full control to the child e.g. child bonds encase he/she's a wild one (like m&d many moons ago:o) and p***es it up the wall on their 18th birthday!
many thanks for any advice
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