We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best savings for my son
krissy10
Posts: 2 Newbie
Me and my wife want to set up some sort of savings/investment for my 2 year old son that we can pay into each month for him to have at 21. What would you recommend.
Thanks in advance
Thanks in advance
0
Comments
-
Accounts in children's names are accessible to the child at 18 rather than 21 - if this is suitable then consider a Junior ISA, otherwise you'll need to save or invest in your own names and gift the proceeds at your convenience later on....0
-
-
Okay thank you. Was hoping to leave till 21! Could you recommend the best one me and my wife could do for him till 21 then?0
-
For 19 years, the stock market is likely to give a better return than savings.
Perhaps you/your wife/both could use your ISA allowances with a view to making him a gift at age 21 or whenever suits.
https://www.vanguardinvestor.co.uk/investing-explained/stocks-shares-isa?cmpgn=PS0220UKBABIS0001EN&gclid=EAIaIQobChMI8da45-Oa6QIVA-ztCh2uHQDoEAAYASAAEgJuu_D_BwE&gclsrc=aw.ds
https://monevator.com/using-vanguard-lifestrategy-funds-life/
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards