Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive just been reading about Junior Stocks & Shares ISA's.
Looking at opening one of these for Junior when she comes along next month as I expect friends and family will be gifting money at the birth & I too plan to put a small bit away each month 10-20 quid or something until 18th B.day.
Alternatively I could buy shares in the company I work for and gain divi's for all that 18yrs. I think i'd need to be a bit more switched on & sell at the right time however & this all assuming I stay in the same company for a decent period.
Anyone do anything to this extent?
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Whittie
Member
Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
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£10 in an account each month and £10 premium bonds imo.
http://www.nsandi.com/savings-premium-bonds-saving-standing-order
Granted you had £30k in bonds for a few months and got nothing, but this is 18 years you're talking about. Might get a cheeky £100 here and there.
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andy_mk3
Member
Registered: 18th Dec 11
Location: Peterborough
User status: Offline
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My mum started one of these when I was 10: http://www.engagemutual.com/
Paid £10 a month, worth about £1400 currently but it goes up and down with share prices I think.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I think I had about a grand in PB's from birth up to around 26 and got £100 once  I acknowledge the chance of winning big but also the returns can be pityfull.
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baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
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i just put the money into my own isa which is soley for my kid. i usually put £100 a month into it . This way i have control untill shes a decent enough age and at least i know what shes doing with it . i know far too many people that have being left money and at 18 blown it on nights out etc
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scottyp1989
Member
Registered: 29th Jul 07
Location: Warley, West Midlands
User status: Offline
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We have a trust fund open for our eldest, grandparents opend one aswell. Have nearly 3.5k in our one in 2.5 years, its high intrest and they get mony put in by goverment every 6 months (only around £25 but its something) it soon all adds up
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Most banks have 6% interest for a year, when that's done, start a new one and transfer it, can pay in between 10 and 100 per month. We've got about 700 in there after 14 months.
However, did also pick up a stocks and shares thing the other day for a nose.
Also got some NSI bonds from family members for her too, 1100 quid or something from my grandads will.
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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I had £100 in premium bonds when I was born. I have won twice in 12 months 
Finally getting a return.
Corsa 2.0 16v Vegas - Sold
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Ben J
Member
Registered: 31st Jan 05
Location: Cheshire
User status: Offline
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We've got junior ISA's for our two.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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id buy a 996 tubby in a rare colour, drain it, put it in storage and then release it in 18 and sell for £50k
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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hoppydan
Member
Registered: 16th Oct 10
User status: Offline
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im going to be starting a isa when my daughter is born and just frequently putting mone in it .. i want to be sure there will be something left by the time she needs it
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Chris
Premium Member
Registered: 21st Sep 99
User status: Offline
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What kind of figures are you thinking of having in fund by 18?
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NovaGTE2
Member
Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
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Have a look at a childs bank account and ISA; we have one with the halifax; since birth I have been putting £20 a month plus her birthday and other money people give her; we also have put a couple of grand in a childrens ISA which gets a very good rate but cant get to it until she is 18; but will keep topping it up when her account reaches £500. Plan is to leave enough available if she wants a school trip etc and then has a nice lump when she needs it later in life.
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