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What do I do with this compo

(5 Posts)
harrypoooter Mon 26-Sep-16 21:48:48

Gist: 4 year old injured with serious scar down leg due to falling down a broken manhole in a carpark. Proprietor has admitted liability and we are due to get compo. It will be quite a lot (in the 1000's)

If we leave it in her account until she's 18 it is liable to devalue and won't be as much it is worth now.

I very strongly feel this is my daughters money but want her to get the best value from her lay out. What do we do?

SplitEndsBushyEyebrows Mon 26-Sep-16 23:11:14

I thought all compensation for children had to be put aside until they are 18, are you sure you can get access to the money before then?

Blu Mon 26-Sep-16 23:20:11

Children's ISA at Halifax 3%, NS&I children's bonds at 2.5 % ?

AndNowItsSeven Tue 27-Sep-16 00:03:39

You won't be able to access it all, only your dd will aged 18.

harrypoooter Tue 27-Sep-16 05:55:26

Ok that's great. I didn't know that X

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