Jump to content

Recommended Posts

Stox etc- you want to gamble with your kids money ? Its up to you, but remember you cant bleat if it gets messy


Hi Interest kids cash account at a legalised Mutual like the Brittiannia - you still get Dividends yearly because of its mutual status as well as competitive interest rates ion the deposit itself

CTF is invested in stocks etc anyway, you get no choice, other than as to the level of risk (1, 2 or 3 - I think they recommend 2).


Mine is in Children's Mututal, but to be honest I think they are all about the same. They seemed to have the lowest admin charge at the time (about a year ago).


moneysupermarket is a good place to look.


One thing to bear in mind if you are putting extra cash in is that with a CTF the money goes straight to the sprog when they are 18. To blow on whatever they like.


I stuck my CTF voucher in mine, and a bit extra into a high interest account (Halifax pays 10% on the kiddies account). With that you are trustee for them, so you get the cash and decide if they are sensible enough to have it!

Mellors you do get a choice whether to go for stocks or not. CamberwellOZ, you should have received a pack with details from the FSA (Financial Services Authority) with details of the options for the ?250. There should also be some recommended funds. I agree with buggie, Martin Lewis provides great advice. The Guardian on a Saturday in the Money section also has lists of the best performing accounts etc. This should also be available on the Guardian's website. We personally went for a safe option and top it up to the level you are allowed to do each year. Goodluck.
I'm a big fan of premium bonds http://www.nsandi.com/ but I've heard kiddy trust funds are a sound idea - no kids myself so haven't really researched it. One fairly user friendly guide http://www.natwest.com/personal02.asp?id=PERSONAL/SAVE_AND_INVEST/SAVINGS_ACCOUNTS/UNDER_16
  • 2 months later...
I don't think Premium bonds are good for long term investment as the value of your money in say, 15 years is a lot less than the value of your money today. Unless you have a substantial amount of cash in them the winnings are not likely to be as much as interest in a high interest account and even then not guaranteed.

david_carnell Wrote:

-------------------------------------------------------

> Couple of bottles of Chateau Margaux. Good

> investment.



That's the way to go - I was fortunate enough to be able to buy a case of 1966 Margaux in 1976 from a naval wardroom that was disposing of its cellar. The wardroom wine caterer didn't understand accounting or fine wines(nor did I in those days) so sold off his stock at the prices that had been paid. So 12x 10/6 a bottle = ?6.60 for the case - which with a friend I drank over te next four weeks. I also bought a vey fine vintage port for ?1.05 (a guinea). Excellent stuff.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • 1 space available due to one of my clients moving.  Message me for more informations  🙂  
    • Why is the name a big of a red flag? Blighty is a common name for the UK whatever people might think.
    • The only election which counts is the General Election.  There is still strong resentment for fourteen year's of Conservative rule. They squeezed the working class's way to hard, then they squeezed the middle class, but somehow the upper class never got touched, funny that.   There is also new resentment for Labour because of the utter balls up they've made of things since coming to power nine months ago. The majority of the population (or at least those with an ounce of common sense) want these clowns out of office ASAP because they see the damage they are doing to UK plc. They squeezed the pensioners, then the farmers and then business. They made and broke promise after promise, or just didn't tell the truth or say what they where going to do, otherwise known as merely lying to get elected. Inflation may be falling but the cost of things in the shops and utility bills keep on rising, the direct opposite of what they promised. They will never be trusted once they are ousted from power in about four and a half years time.   Everything they do and touch causes further harm, led by three stooges, Rayner, Reeves and balls'less Starmer, who couldn't fight his way out of a paper bag. He still thinks he's a solicitor at the DPP. Rather than spending week upon week getting involved in international politics he needs to be sorting out the UK's issues, sadly he's not up to the job and nor are his Cabinet.  Society needs a mix of people with different skills to prosper, not more and more graduates who can't get jobs in what they studied in.   Reform is the current anti establishment party, which will hopefully wither away back to where it came from.  The Liberals and Greens, well what can you say apart from using them as another alternative vote of dissatisfaction, but neither will come to power.  The country seriously needs stability and a Government that stands up for and represents it's people, not what MP's want but what the constituencies want and need.  Government needs to become far more open and transparent, it needs to be seen to be doing its job, doing what MP's are elected to do,  working for the people in the constituencies, getting back to basic principles and rebuilding the trust which has been lost by successive party's immaterial of them being, red, blue, light blue, yellow, green or some other colour.     
    • That’s very insulting! You are basically calling 17 million people that voted to leave the EU ‘thick’.        Brexit happened Sue.  Boring graphs!  Calling Nigel Farage a plastic patriot is also very insulting seeing as he and the Reform Party have had a landslide victory all over England.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...