Investment for newborn niece – suggestions please

davey_browning

I have recently (last night) acquired a niece (all say “awh…”) and would like to set up some sort of investment for her and would like suggestions of the best thing to do. I’m not looking to invest a lot, £5 - £10 each month, but I would like to run it till she’s 25 so it’s a reasonably long term investment.

Ideas and suggestions welcome, thanks in advance.

Uncle Dave

grumbler

Such general questions usually do not get enough responce...
Recent examples:
The plan for saving for your child help!
Investing for a newborn
Child got £50 month to invest

davidjwest

One option would be to contribute into her Child Trust Fund, assuming her parents/guardians open one for her.

Only drawback is that it matures when she is 18 and she gets the money to do with what she likes!

davey_browning

Thanks for the links and information. Not sure how I could be more specific, I'm a canny scot but not a financial expert hence the enquiry. What sort of additional information would be useful?

grumbler wrote:

Such general questions usually do not get enough responce...
Recent examples:
The plan for saving for your child help!
Investing for a newborn
Child got £50 month to invest

isasmurf

davidjwest wrote:

Only drawback is that it matures when she is 18 and she gets the money to do with what she likes!

I can see it in 18 years time, families everywhere will be having this conversation.

"So Daddy where's my money?"
"Here's £250 son"
"What? Where's the rest?"
"We didn't trust you so we've hidden the rest"

grumbler

davey_browning wrote:

Not sure how I could be more specific, I'm a canny scot but not a financial expert hence the enquiry. What sort of additional information would be useful?

I don't know . Actually there is no a big difference between usual savings and savings for children besides CTF and some tax advantages.
Have you followed the links in my post above?
It is also worth reading:
'Best Child Savings (and use your child for a sneaky tax free allowance) ' and
'Child Trust Funds' articles in the 'SAVINGS' section, corresponding discussions and other articles in this section.

davey_browning

I've had a quick look at some of the links but not had time to have a good look through them just yet. There seemed to be some really good information on the pages you pointed to so I'll have a good look around them in the next few days and I'm sure I'll get some ideas.

Thanks again for the info.

Dave