I need to set one up soon, so what would be best?

Stakeholder? Shares? or Savings?

Any advise would be great.

If i opted share, since the share prices may possible worth less due to the gordon brown fiasco and in 18 years hopefully worth a lot more would that be a good way to go,

The account would also be topped up by myself and family who pay the kids pocket money into them instead of toys and sweet, normally the max allowed during each year

npinks

With the one off payment we had off the government we went for shares. The child allowance we get which was £65 for one child we put straight into a savings account.

Done that for both our kids. Seemed like a good idea at the time. They both have lots more in the bank than I have anyway.

At some point in the future we may use their money to buy a property to rent out so that when they leave the nest they will have a nest of their own to go to.

Of course best advise is to see an independant financial advisor and see what they say.

Cheers

Steve

The trouble with CTFs is the accessibility and real lack of choice. I used the Childrens' Mutual for the £250 my daughter got, using the Invesco Perpetual Income fund. Other monies I have just invested into Maxi ISAs in my name, I can then use that money for them when I think it is needed and I can invest in what ever I want. BTW I'm an investment specialist IFA - but not touting for business. Porsche Cayenne S Diesel 66 Plate

I think the CTF is a waste of time but appreciate the 'free' money - any additional i would rather invest and have access to and control of - that said shares are a good buy / investment now for the long term for whatever is given. Any 'spare' cash is directed at property...

Shameful really but i let the CTF's divert to default accounts after one year as i didn't see it warranted time for such a small amount ..... someone will probably say how much i could have made by investing earlier but

cheers for all the input, i will have a chat with the wife and then speak to a friend whose a IFA too

Just make sure he is an investment specialist rather than a generalist that does a bit of everything. Porsche Cayenne S Diesel 66 Plate

Get them a pension....

Even non tax payers get 20% back. Make her/him a millionaire for when they are 55.

Shares BTW. Always outperform cash in the long term. Good advice here
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Pelyma wrote:

Just make sure he is an investment specialist rather than a generalist that does a bit of everything.

...and if he works for a bank, he's not very independent either  

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