We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Saving for a 3 year old
PhilCCFC
Posts: 355 Forumite
We have just set up a CTF fund for our baby, unfortunately our 3 year old just missed out on the "free" hand out from the government by a few months. We have put £250 to one side and we want to start some form of regular savings plan for him, the thing is I really do not have a clue where to start hence me coming on here for some advise. 
As with the CTF we're looking to invest a modest amount each month (we can only afford £10-£15 a month), in to the savings and maybe add any birthday present money to it as we go along.
Any ideas please MSE experts
As with the CTF we're looking to invest a modest amount each month (we can only afford £10-£15 a month), in to the savings and maybe add any birthday present money to it as we go along.
Any ideas please MSE experts
They say that football is a religion, if this is true I worship at the Exacta Stadium, Chester
0
Comments
-
Similar plans to the CTF are avaiable from most friendly societies. The childrens mutual is generally regarded as the best for this (many of the insurance companies CTFs are the childrens mutual but white labled as their own).
Otherwise you are looking at savings accounts for children.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 -
OK thanks for the response. I was hoping not to tie the money up as long as the CTF accounts, can you set-up ISA's for kids ?They say that football is a religion, if this is true I worship at the Exacta Stadium, Chester0
-
You have to be 16 years old to hold an ISA account.Never buy a stupid dwarf -
Its not big and its not clever.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards