Premium bonds win

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/81919157#Comment_81919157

As I said, I understand the legally challenging position OP will end up in if they proceed with their plan.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81919123#Comment_81919123

I didn't tone things down. Nor did I say my posting was inappropriate - I said that about the OP's proposed course of conduct.

You seem to have a problem with understanding what you've read.

Meanwhile, taking a child's money from him and giving it to someone else is theft. That's not hysterical, It's just a plain fact. @Section62 has explained the concept for you clearly and at length, which will help you as you have trouble understanding that too - even though you claim you do - if you read it carefully enough. 😊

Haddenham35

https://forums.moneysavingexpert.com/discussion/comment/81919047#Comment_81919047

I didn't brush anything off. I acknowledged your comments and wished you the best for your future.

after asking for thoughts on appropriate vehicles to invest money for my sons, this quickly descended into judgement. And that's a problem with canvassing opinion when people don't know you, your family or the context.

This thread has made me replay this scene in my head multiple times today - https://youtu.be/0LEK6VYjtQ0?si=7fZeC84GOLi5NxnA

Sg28

Well I say we call the police..

threads76

Rather than having a choice between what is fair and what is legal, why not just only pay any future contributions to the other child's account until both are equal again?

Obviously the win might be prohibitively big to make that not possible

HedgehogRulez

spend the winnings on women and wine. I doubt your sons would notice

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81919340#Comment_81919340

OP did refer to "max out their junior isas each year (until we reach the sum of money won)", which would be an odd phrasing unless the win was at least £50K, or perhaps even £100K.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81919326#Comment_81919326

I don't have any problem with you and thank you for your good wishes. It's not you who has subsequently stirred the pot.

I'm glad that you grasp my point. For my part, I understand that for you and your family having a situation where one child has considerably more money that another due to a substantial premium bond win is far from ideal and not what you intended or foresaw.

The only solution I can offer is to add money where you can to the savings of the child who has less until the sums are more equal. This is what you'd probably want / need to do anyway if you had another child. Of course that might be more or less realistic depending on the size of the win.

As I said in an earlier post, investments in identical things from now on would be ideal, then the children both end up with the same.

As to the sort of investment, as the children are both small (I guess) and the investment horizon ahead of them is long then I'd invest in a low cost global equity fund, such as Fidelity Index World Class P or HSBC All World Index Class C, and let the stock market do its thing until they are grown up. I wish you and your family all the best Tom.

Woodstok2000

https://forums.moneysavingexpert.com/discussion/comment/81919326#Comment_81919326

I'm not sure you should be surprised at some judgement in the replies when you asked for advice on an illegal plan.

There'd be similar judgement if someone asked for advice on investment vehicles for the proceeds of any other theft.

Emmia

Personally I think this thread should be closed now.