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Overseas child savings
BFS99
Posts: 1 Newbie
In the past I have bought NS&I Baby Bonds for my grandchildren when born in New Zealand which have now been closed for new investment.
Neither new child or parents have UK bank accounts.
Is there any lump sum investment account I can use to invest until they are 16-18
Neither new child or parents have UK bank accounts.
Is there any lump sum investment account I can use to invest until they are 16-18
0
Comments
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If your grandchild is likely to stay in New Zealand, would it not be better for his parents to open a savings/investment account for him there and for you to remit a sum annually?
https://thesmartandlazy.com/2017/09/12/the-best-way-to-invest-for-your-children-in-new-zealand-part-1-what-you-need-to-know/
https://www.junokiwisaver.co.nz/pricing/kids-free-kiwisaver?gclid=EAIaIQobChMI9-7uy8HG5AIVBrDtCh0Z1AdiEAAYASAAEgKiQ_D_BwE
https://www.interest.co.nz/saving/children-youth-student0 -
Either what xylophone said, or any UK investment in your name with a note with your will stating that these monies are to be passed on to grandcildren0
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