bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
We got the £250 voucher, how have you invested yours?
I want to put that in a trust fund and put money away in an isa for her future.
|
BigSte
Member
Registered: 27th Aug 02
Location: Sheffield
User status: Offline
|
I think the £250 has to go in the trust fund.........I stuck mine in the Halifax and also make a contribution myself every month into my sons CTF.
Only decisions you need to make is who to invest with, and how you want to contribute, i.e. pay into her CTF or set up a seperate ISA like you say.
No access at all to the CTF until your little one turns 18 whereas in an ISA I think she will be able to draw out of that at any time?
|
dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
|
Whats the interest rates on these things? What with inflation they are gonna be lower earners at the minute?
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
Well i dont want to put thousands into a CTF because if she turns 18 and she is not mature enough to handle all that money i would like it to remain in an isa untill she can.
i.e - she meets a dick head and says ive got 18k u kno lets spend!!!! Noooooooo
so the lump sum will remain in an isa untill she can sped it wisely
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
i know it is and i will, but can you say your kids will manage 18k at 18??
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
at the rate i will be saving she will have 30k plus so its serious...
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
30k won't be much when she turns 18 if she's a baby just now, won't even be a deposit on a house, might buy a half decent car.
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
^^^so your saying a decent car will be 60k in 18yrs......No
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Yes, that's exactly what I meant 
30k is nice to get but it's not a serious amount just now and unless something big changes it'll be even less serious in 18 years.
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
30k is a serious amount now. Anyway back to the main subject...
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Tim posted quite a bit on child trust funds possibly last week, week before that at the earliest, he had found out the best way to get the most money into the account.
30k isn't a serious amount.
http://www.corsasport.co.uk/board/viewthread.php?tid=446941&page=3
Near the bottom.
[Edited on 03-09-2008 by John]
|
bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
your just an idiot (with a stupid hair cut)looking for conflict.. Piss off...
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
Who's got a stupid haircut?
|
Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
|
quote:
Originally posted by John
Who's got a stupid haircut?
He thinks he's clever and has obviously saw the pics of little_duke in your garage. Stupid dickhead.
|
John
Member
Registered: 30th Jun 03
User status: Offline
|
I thought tim's advice was quite good, thats why I went to the trouble of finding it for him, i'll not help in future and just go and cause conflict elsewhere.
|
a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
|
i will be gettin this soon as that other thread though i am planning on making my profit in property and my job
god knows if that is a goos idea the way things are just now but already got 1 house that is rented so here is hoping
i plan to stick the £250 in trust fund and leave it
dont believe an 18yr old child should be getting £30k there you go just spend it. Money has to be appreciated and earnt
yes i hope i will be able to help ,y kids with a house deposit etc but that will be when i feel they are deserved of it or its the right time not when they are just 18 and would more than likely spend it on drink drugs cars and women
|
Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
|
I just put my daughters £250 in the HSBC one as that's who I bank with.
Had a letter from them the other day as it was her birthday and she's now got about £400 in it after 2 years.
I plan on setting up an ISA for her as well that I'll pay money into but just can't afford it at the moment
|
M2RTY
Member
Registered: 25th May 01
User status: Offline
|
money will pay towards college uni though, handy at 18
|
