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The Best Way to Save For My Child
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Personally I've gone sour on saving for children in their own accounts. If you have the headroom, I'd use your own Isa allowance and use an investment in a S&S Isa to earmark something for them. This way you'll get to choose when they get the money rather than them just having it to splurge at 18 (16 in Scotland).0
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Baldytyke88 said:Albermarle said:
OP - Be aware that there two schools of thought regarding starting pension for children/young people.
The opposite one to the above is that the young people would benefit more from having money in the Twenties than their Sixties, when they may well have a pension from work and not need the money.
Or even help them retire in their 50s?
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Stocks and shares JISA with lowest fees and with 15 years to invest you can consider higher risk options.
At 18 it can be moved to a similar investment suitable for adults.0
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