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!

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?

Comments

Albermarle Posts: 29,025 Forumite

12 July 2023 at 8:37AM

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.

1