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Child Trust Fund maturing, what now?

hflower74
Posts: 1,290 Forumite

My daughter turns 18 next month and her child trust is maturing, could someone advice us whats the best thing to do with the money now? I haven't added anything to it over the years so it just what the government added. Its in the Foresters stakeholder CTF and is worth £2375.38 so not a huge amount. My daughter doesn't need the money right now as she has a part time job while at college so we were thinking maybe putting it in a LISA so she can add to it and maybe use it for a house in the future?
Would that be the right move or is there something better out there?
Thanks for any input
Would that be the right move or is there something better out there?
Thanks for any input
0
Comments
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if she has no immediate need for the cash and hopes to buy a property one day, then a LISA seems a good idea.1
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