Gransnet forums

Chat

Page 1 of 1
Flip | Customise

Investing for DGC

(4 Posts)
Add comment | Report
petra Tue 29-Jul-14 17:35:27

I want to invest some money for the DGC but I don't want them to have it until they are 25 ( their Mother agrees) I looked at the junior Isas but they can draw that at 18. Any ideas.

Add comment | Report
Mishap Tue 29-Jul-14 18:59:19

You are wise to make sure that they cannot get to it until they are older. My Dad left £10,000 to each of his GC, thinking he was being kind. One of them has been spending it on drugs - Dad would be horrified.

Add comment | Report
petra Tue 29-Jul-14 19:18:55

Your right, mishap. That's the sum we are putting aside for them. It's too much at that age. Their Father was left £25,000 at 18 and another £5,000 at 25 and is still renting his house. What a waste.

Add comment | Report
petra Tue 29-Jul-14 19:19:55

I should have added, it all went, to my knowledge over 10 years ago.

Page 1 of 1
Flip | Customise