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Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

what to do with £80k for DD when she turns 18

27 replies

shreddies · 03/06/2024 21:25

I know we are incredibly lucky to have this problem. DD was left money by a relative, and when she is 18 it will come to her. It is currently in a trust.

I would really love her to leave it and let it grow so that when she is ready to buy a property there is more there. Ideally I'd like it to stay invested and in a trust, but I imagine that is quite an expensive way to go about managing it. What are our options here?

Very grateful for any advice

OP posts:
StarieNight · 09/07/2024 21:58

@FusionChefGeoff

That sounds quite low for investment is that over all or per year?
Ss an example I've invested for 6 ish years and my % is 78%

Op how old is she.

I'm no expert but I agree with definitely putting some into a sipp even 2800...once it's open it's always there for her and hopefully she will keep adding to it.
Def do 20 grand into isa.

Teaching her about money and investment now.I often think the resins many dc go mad at 18 is because they have no money and because they arnt taught about money and investment and because it's fhe first time they have blow money.

OhcantthInkofaname · 09/07/2024 22:03

Can you renew the trust for a number of years? Take out a small portion to have available.

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