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Saving and Investing for our Children

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Looking to put some money away for children and seeing what other people are using and what returns are like and current performance Looked at few companies including One Family, Shepherds Friendly… Read More
charleaward81 Avatar
1w, 4d agoPosted 1 week, 4 days ago
Looking to put some money away for children and seeing what other people are using and what returns are like and current performance

Looked at few companies including One Family, Shepherds Friendly.

Anyone got any recommendations.

Wont be making monthly deposits just one off lump payments upto the yearly limit
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charleaward81 Avatar
1w, 4d agoPosted 1 week, 4 days ago
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Responses/page:
#1
Premium bonds - you never know...
#2
Mermoo
Premium bonds - you never know...

Cant have anymore premium bonds due to limits, plus looking to reinvest from premium bonds as typical average returns have dropped significantly due to May prize decreases, average return over 12 months was around 6% but after this mays results returns were only 0.025% due to interest rate drop, if it happens again in June will be looking at cashing them all in, returns not worth it just for the potential of maybe winning bigger prizes in the future.


Edited By: charleaward81 on May 11, 2017 22:30: spelling
#3
Mermoo
Premium bonds - you never know...

thats what we did, 2.5k in premium bonds

Although my grandad put £50 away in primium bonds for me when I was born in 1981, I still havent won a single bean, not a penny. I do feel like I should take it out and get that £50 quid back.

It could have been worth £400 quid by now...
#4
more after how peoples Junior Stocks and Shares ISAs are performing, as our youngest is only 7 and not much on market for him at moment long term.

Cash is easiest but dont mind low risk investments
#5
If you have money to put for the kids, the best thing you can do is put it in to a good private education. Maybe you can stretch to a 50/50 reduced fees/part scholarship, that will set them up for life.

Its better for their lives than a bump of cash that wont amount to deposit for a house on top of a state school education.

Opinion of course but, we know how much further privately educated individuals on the whole, go.
#6
Mine have got a combination of no-risk cash junior ISA (Halifax 3.25%) and high-risk Scottish Mortgage children's saving plan (through Baillie Gifford) (share price went up 40% last financial year).
#7
tuckeral
Mine have got a combination of no-risk cash junior ISA (Halifax 3.25%) and high-risk Scottish Mortgage children's saving plan (through Baillie Gifford) (share price went up 40% last financial year).

Just had a look through at that High Risk, seems to look ok, be more inclined to use this for our eldest as he only has few years left. Youngest has a decade and some to go. Its the fees that's off putting, Hargreaves seemed ok at first but their fees soon add up over the years especially if you start changing things, we already have dealings with them but on large amounts the fees are minimised against returns, when investing small it soon eats into rates.

Just after something kids can have extra when they reach 18 to use wisely, but can physically see it grow and increase but obviously a pot small enough that they cant do too much damage with. Hoping by time one is 18 he will be wise enough to reinvest it with no persuasion needed.

Youngest still has trust fund from years ago but now looking to transfer it to something a little better, Halifax was on top of our list when it came to cash savings, seems to be best on market at moment.

But cheers for heads up, ask a question get the response you are after

BUT THEN THERE IS ALWAYS ONE
groenleader
If you have money to put for the kids, the best thing you can do is put it in to a good private education. Maybe you can stretch to a 50/50 reduced fees/part scholarship, that will set them up for life.
Its better for their lives than a bump of cash that wont amount to deposit for a house on top of a state school education.Opinion of course but, we know how much further privately educated individuals on the whole, go.

You decide to pop onto ASK and pipe up with that response. With your attitude you would have a great relationship with HEaWD.
I am thinking of putting £8000 away for now for 2 children and you pipe up with Private Education Fees, what do you expect them to achieve in the equivalent of 1 term each.

Plus I am not Private Educated but worked ass off to live very comfortably same goes for most of the family.

So guess Private Education did you well, spending all your time on a deals website. But then I am ruining their futures by deciding to invest in their future so they have no worries or concerns as they get older, trying to make ends meet is worse than sticking them in a Private Educated school where no doubt they will graduate into pompous ass wipes that don't have a clue, and by your opinion rate themselves above all else.

I would rather invest what we earn and save so they can go about their life, work and enjoy it without having to worry about having to make sacrifices and have their days full of stress, worry and anxiety. My kids wont need to worry about raising money for mortgages or even to trying to pay extortionate rent to dodgy landlords, having to go without certain things just to meet basic everyday needs like we had too. Instead they can live worry free, which you may not realise but this in its own will help them achieve any goals they set in life, as nothing to deflate their attitude or motivation to succeed. This in turn means that we can live stress free as we get older knowing they are secure. Only thing we wont do is invest in their pensions as they have their entire working lifetime to do that themselves. But one thing we wont do is pay their way, they learn and see where things come from and how hard it is you have work to pay for things especially when it comes to owning luxuries.

But... no scrap that, lets waste their money on Private Education because state education is for meaningless plebs who waste tax payers money over 16 years so they can just end up dossing around spending private educated tax payers money.

You do realise that these Channel 4/5s real life demeaning documentaries portraying the lives of those less fortunate than the private educated folk, even though they maybe classed as reality shows, honestly you couldn't be further away from reality if it smacked you in the face with your silver spoon.



Edited By: charleaward81 on May 11, 2017 22:33
#8
tuckeral
Mine have got a combination of no-risk cash junior ISA (Halifax 3.25%) and high-risk Scottish Mortgage children's saving plan (through Baillie Gifford) (share price went up 40% last financial year).

Just had a look through at that High Risk, seems to look ok, be more inclined to use this for our eldest as he only has few years left. Youngest has a decade and some to go. Its the fees that's off putting, Hargreaves seemed ok at first but their fees soon add up over the years especially if you start changing things, we already have dealings with them but on large amounts the fees are minimised against returns, when investing small it soon eats into rates.

Just after something kids can have extra when they reach 18 to use wisely, but can physically see it grow and increase but obviously a pot small enough that they cant do too much damage with. Hoping by time one is 18 he will be wise enough to reinvest it with no persuasion needed.

Youngest still has trust fund from years ago but now looking to transfer it to something a little better, Halifax was on top of our list when it came to cash savings, seems to be best on market at moment.

But cheers for heads up, ask a question get the response you are after

BUT THEN THERE IS ALWAYS ONE
groenleader
If you have money to put for the kids, the best thing you can do is put it in to a good private education. Maybe you can stretch to a 50/50 reduced fees/part scholarship, that will set them up for life.
Its better for their lives than a bump of cash that wont amount to deposit for a house on top of a state school education.Opinion of course but, we know how much further privately educated individuals on the whole, go.

You decide to pop onto ASK and pipe up with that response. With your attitude you would have a great relationship with HEaWD.
I am thinking of putting £8000 away for now for 2 children and you pipe up with we should be thinking about Private Education and Fees, what do you expect them to achieve in the equivalent of 1 term each.

Plus I am not Private Educated but worked ass off to live very comfortably same goes for most of the family whilst enduring a lot of crap along the way.

So guess Private Education did you well, spending all your time on a deals website. But then I am ruining their future by deciding to invest in their future so they have no worries or concerns as they get older, trying to make ends meet is worse than sticking them in a Private Educated school where no doubt they will graduate into pompous ass wipes that don't have a clue, and by your opinion rate themselves above all else.

I would rather invest what we earn and save so they can go about their life, work and enjoy it without having to worry about having to make sacrifices and have their days full of stress, worry and anxiety. My kids wont need to worry about raising money for mortgages or even to trying to pay extortionate rent to dodgy landlords, having to go without certain things just to meet basic everyday needs like we had too growing up. Instead they can live relaxed and worry free, more focus on pushing them to do better, securing decent jobs and prospects. Investing this way in their future, which you may not realise but this in its own will help them achieve any goals they set in life, as their is nothing to deflate their attitude or motivation to succeed. Nothing harder than trying to better yourself when you are stuck just trying to survive and get by. This in turn means that we can live worry free as we get older knowing they are secure and more so they own kids. Only thing we wont do is invest in their pensions as they have their entire working lifetime to do that themselves. But one thing we wont do is pay their way, they learn they work hard and will be rewarded with bonuses, they see where things come from now and how hard it is you have work to pay for things especially when it comes to owning luxuries.

But... no scrap that, lets waste their money on Private Education because state education is for meaningless plebs who waste tax payers money over their 16 years in school so they can just end up dossing around spending private educated tax payers money on alcohol, cigarettes and flat screen TVs.
#9
charleaward81
tuckeral
Mine have got a combination of no-risk cash junior ISA (Halifax 3.25%) and high-risk Scottish Mortgage children's saving plan (through Baillie Gifford) (share price went up 40% last financial year).
Just had a look through at that High Risk, seems to look ok, be more inclined to use this for our eldest as he only has few years left. Youngest has a decade and some to go. Its the fees that's off putting, Hargreaves seemed ok at first but their fees soon add up over the years especially if you start changing things, we already have dealings with them but on large amounts the fees are minimised against returns, when investing small it soon eats into rates.
Just after something kids can have extra when they reach 18 to use wisely, but can physically see it grow and increase but obviously a pot small enough that they cant do too much damage with. Hoping by time one is 18 he will be wise enough to reinvest it with no persuasion needed.
Youngest still has trust fund from years ago but now looking to transfer it to something a little better, Halifax was on top of our list when it came to cash savings, seems to be best on market at moment.
But cheers for heads up, ask a question get the response you are afterBUT THEN THERE IS ALWAYS ONE
groenleader
If you have money to put for the kids, the best thing you can do is put it in to a good private education. Maybe you can stretch to a 50/50 reduced fees/part scholarship, that will set them up for life.
Its better for their lives than a bump of cash that wont amount to deposit for a house on top of a state school education.Opinion of course but, we know how much further privately educated individuals on the whole, go.
You decide to pop onto ASK and pipe up with that response. With your attitude you would have a great relationship with HEaWD.
I am thinking of putting £8000 away for now for 2 children and you pipe up with we should be thinking about Private Education and Fees, what do you expect them to achieve in the equivalent of 1 term each.
Plus I am not Private Educated but worked ass off to live very comfortably same goes for most of the family whilst enduring a lot of crap along the way.
So guess Private Education did you well, spending all your time on a deals website. But then I am ruining their future by deciding to invest in their future so they have no worries or concerns as they get older, trying to make ends meet is worse than sticking them in a Private Educated school where no doubt they will graduate into pompous ass wipes that don't have a clue, and by your opinion rate themselves above all else.
I would rather invest what we earn and save so they can go about their life, work and enjoy it without having to worry about having to make sacrifices and have their days full of stress, worry and anxiety. My kids wont need to worry about raising money for mortgages or even to trying to pay extortionate rent to dodgy landlords, having to go without certain things just to meet basic everyday needs like we had too growing up. Instead they can live relaxed and worry free, more focus on pushing them to do better, securing decent jobs and prospects. Investing this way in their future, which you may not realise but this in its own will help them achieve any goals they set in life, as their is nothing to deflate their attitude or motivation to succeed. Nothing harder than trying to better yourself when you are stuck just trying to survive and get by. This in turn means that we can live worry free as we get older knowing they are secure and more so they own kids. Only thing we wont do is invest in their pensions as they have their entire working lifetime to do that themselves. But one thing we wont do is pay their way, they learn they work hard and will be rewarded with bonuses, they see where things come from now and how hard it is you have work to pay for things especially when it comes to owning luxuries.
But... no scrap that, lets waste their money on Private Education because state education is for meaningless plebs who waste tax payers money over their 16 years in school so they can just end up dossing around spending private educated tax payers money on alcohol, cigarettes and flat screen TVs.

Wow!

I think the saying is "invest in your children, not for them"

You suggest that I am seeing things in black and white, either your state educated and in the dumps or private and going to do great. But you are being just as black and white by suggesting that only private schools have a snobby kids in.

I think your confused between a private education at a quality school with good teaches and small class sizes and an education that reaches beyond the class room and that of public school education such as Eton, Harrow, Marlborough College.

When you made your original post you made no claim about £8k as a one off, you just said yearly lump sum deposits up to the maximum.

I do stand by my original point though, if your children want to find an easier path to a top job (not a good job) then they will succeed at obtaining that much more easily with a privately funded education.


Edited By: groenleader on May 12, 2017 10:40

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