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Child investment £75k

Jonesy_40 · 2023-07-03 19:12:50

Both my daughters have been given a gift of £75k each from their grandparents. They are 7yrs and 5yrs old. Any advice on best way to invest this money for them until they are 21?

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Comments

Albermarle Posts: 27,991 Forumite

12 July 2023 at 9:37AM

JGB1955 said:

cardriver98 said:

Don't forget if the GP's pop their clogs within 7 seven years there will be a tax liability .

..... due by the estate, not the beneficiaries.

and no more liability than there currently is.

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