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Child Lump Sum

MarkR · 2019-09-07 14:47:14

If I had a lump sum from children's allowance / other stuff, where is best to save it for long term. 5+ years for example. I thought state savings might be an option. Child accounts all seem terrible and have low caps. Access by the child is not required.

07-09-2019 2:47pm

#1

MarkR

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If I had a lump sum from children's allowance / other stuff, where is best to save it for long term. 5+ years for example.

I thought state savings might be an option. Child accounts all seem terrible and have low caps. Access by the child is not required.

0

Comments

#2 09-09-2019 3:59pm

billyhead

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MarkR wrote: »

If I had a lump sum from children's allowance / other stuff, where is best to save it for long term. 5+ years for example.

I thought state savings might be an option. Child accounts all seem terrible and have low caps. Access by the child is not required.

State savings would be the less riskiest option. Other investment plans are a gamble.

0