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Can someone help?
allycat228
Posts: 8 Forumite
My son aged 7 gets a pension of £168.00 a month can anyone suggest what i can put it in so he has a bit of money when he turns 18:o
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Comments
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Your son gets a pension at age 7?
You could look into a Child Trust Fund, which will grow usually with fairly good saving rates until he turns 18, at which point he will gain full access to the money. Alternatively, you could put it into something a little riskier on his behalf in the hope that it will grow significantly between now and then. I'm not sure what you can invest in on behalf of a child, but I imagine there's enough out there to offer good choices.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0
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