Any tips please.

Robin_Red

My late mother left a legacy gift to my 2 children aged 7 & 9 for the sum of £25,000 each (Very lucky kids indeed) Any ideas where to bung it to get a good return. Don't really want to spread it all across multiple accounts as i'm not very organised etc.
Many thanks peeps

greatkingrat

Depends what the plans for the money are. If it is intended to be saved long-term (eg for university, house deposit etc), some sort of stock market investment is likely to give better returns than just leaving the money in cash for 10 years.

kidmugsy

JISA's each tax year?
http://www.thisismoney.co.uk/money/saving/article-4166986/Is-junior-growing-faster-Isa-portfolio.html

The cash so far unused could go to an account with ns&i. Even Premium Bonds.

If you can be bothered with it, there's also this sort of thing:
https://www.forestersfriendlysociety.co.uk/saving-for-children/child-tax-exempt-savings-plan/at-a-glance/

I cite Forsters Friendly Society because we used it for young offspring; did very well. Someone will be along shortly to pour scorn on these plans. But I repeat: ours did do very well and then, bless them, they paid out bursaries at university - modest, but a real help towards buying textbooks.

Alexland

Feed into S&S Junior ISAs at just over £4k per tax year? The current tax year ends on 5th April so you could have £8k each invested by late April?

If the money is likely to be withdrawn at 18 then worth considering investing in the Vanguard Target Retirement 2025 fund? Don't be put off by the name it is just a Target Date fund mostly used by people investing for retirement. It automatically reduces risk and volatility as the target date approaches.

https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-junior-isa

https://www.vanguardinvestor.co.uk/what-we-offer/target-retirement-products

Also worth considering the Santander 123 Mini (in trust) account for a consistantly good interest rate on £2k each.

https://www.santander.co.uk/uk/current-accounts/123-mini-current-account

Alex