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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.

Best life insurance and kids saving account uk

1 reply

ivise · 17/11/2024 11:04

Hello. Anyone know best life insurance and kids saving accounts I can set up for my 4year old daughter ? I just want smth that will help her in case something happens to and also her saving account she can take out once she is 18 . I don't understand anything about those things so pls explain to me as simple as u can and guide me in right direction. I have zero knowledge about this 😩😩
Also this is for uk living people

OP posts:
HotGable · 20/11/2024 10:22

She doesn't need life insurance. Life insurance is to provide for your dependants after you die. You need life insurance.

As she is only 4 she has a lot of time for growth before sge turns 18. A stocks and shares JISA is likely to perform better than cash savings, which will be eroded by inflation.

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