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Saving for children
mikeboy
Posts: 4 Newbie
I have a couple of questions that I'm hoping people may be able to help with-
1. I have a child trust fund for my oldest child. Is this the best route for saving to have something to give her? I've paid a little in each month for years.
2. I haven't set anything up for my youngest, what is the best route to do this ie child trust fund, JISA etc?
Thanks
1. I have a child trust fund for my oldest child. Is this the best route for saving to have something to give her? I've paid a little in each month for years.
2. I haven't set anything up for my youngest, what is the best route to do this ie child trust fund, JISA etc?
Thanks
0
Comments
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JISAs effectively superseded child trust funds many years ago, so worth considering converting the CTF into a JISA for a wider choice of better products.
A JISA may be the best option for the other child, but there are numerous options highlighted at https://www.moneysavingexpert.com/savings/child-savings-tax-free/1
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