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    how to save for your children and good investment opportunities

    Hi

    i was wondering what saving options are there, as a parant i want to save for my child so they dont have to worry about a student loan when they goto Uni?

    any practicle ISAs which gives good rates making the investment worthwhile by the time child reaches uni age and keeps the parent in control in case your child turns out to be a total tool and want to waste your savings on a shopping spree.

    thanks for your help

    13 Comments

    How do you know they're going to uni

    rhysccfc31

    How do you know they're going to uni


    as long as the poster isn't teaching them english they might get there.;)

    STEWIEG

    as long as the poster isn't teaching them english they might get there.;)



    ​+1, I would be looking at investing in some extra tuition now.

    Get an investment ISA in your name and just keep it for the child when you feel they are old enough.

    Saving accounts are pointless, the value of money while stored in them means it'll be worthless when you take it out. If you have a mortage over pay on that then draw-down on the mortgage later.

    Do what a couple of guys at work have done. Their kids have taken the student loan and all they're doing now is paying their kids the same amount as they pay back to the load company each month. So, they're essentially paying the student loan for them, but without shelling out loads either at the start of their degree course.

    Original Poster

    STEWIEG

    as long as the poster isn't teaching them english they might get there.;)



    ​nope no plan to teach them myself and defiantly not English thanks however you defiantly seems to be not around when your parents were teaching manners (if they had time for you)

    Original Poster

    PulisOut

    Saving accounts are pointless, the value of money while stored in them … Saving accounts are pointless, the value of money while stored in them means it'll be worthless when you take it out. If you have a mortage over pay on that then draw-down on the mortgage later.



    ​very Good idea thanks

    adamsxi

    Get an investment ISA in your name and just keep it for the child when … Get an investment ISA in your name and just keep it for the child when you feel they are old enough.



    If you want an isa get them a junior one, no point in using yours.

    Original Poster

    eslick

    If you want an isa get them a junior one, no point in using yours.



    thanks​

    humadoon

    thanks​



    Dont take this advice as you wanted control of it. If you take a Junior ISA the child can just cash it in and you cannot do anything about it.

    adamsxi

    Dont take this advice as you wanted control of it. If you take a Junior … Dont take this advice as you wanted control of it. If you take a Junior ISA the child can just cash it in and you cannot do anything about it.



    dont think they can touch it until they are 18, if my memory serves me correctly, which it often doesn't!

    "Money in the account belongs to the child, but they can’t withdraw it until they turn 18, apart from in exceptional circumstances. They can, however, start managing their account on their own from age 16."

    amazed myself there ..
    Edited by: "joesmum" 17th Mar
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