Saving for my Daughters future

johnd73

Afternoon All,

Looking for some advice and suggestions on the best route for putting away a little each month for my daughters future. When I say a little, I mean a little, at this stage £5 a month. Don't want any risk so was thinking cash isa?

Any other suggestions gratefully received.

xylophone

You might consider a cash JISA with Halifax if you have an ISA of your own with them.

http://www.halifax.co.uk/isas/cash-isas/junior-cash-isa/

https://www.gov.uk/junior-individual-savings-accounts/overview

Don't forget that other family members can contribute.

johnd73

Thanks was not aware of the junior cash isa. Will look into opening one.

george4064

You might want to consider a child savings account.

Lots of good info here: http://www.moneysavingexpert.com/savings/child-savings-tax-free