children and premium bonds

[Userzzzzz]

My children are due to inherit a sizeable sum. I’m going to invest the majority but was thinking about premium bonds for some so there is some money accessible before 18. With smaller wins, I’d try and even up money across the children. But, what happens to winnings and what if one child wins a lot and the other doesn’t? It seems with premium bonds parents can have access to the money before 16. This is all hypothetical but if one child won big would you:

A) take the prize yourself and use the money for the benefit of the family (ie holidays, pay off mortgage, private school)

B) split the money between the children

C) let one child keep a large sum that you couldn’t match for the second.

Technically the right answer would be C (and any option other than C would I guess be theft) but it doesn’t seem fair on the other child or sensible. A seems more practical and would give everyone a nicer life but not fair on the winning child. B would be easier for me to justify.

While this is all very hypothetical and the chances of winning tiny, I don’t want to take out premium bonds for the children unless I know what my husband and I would do if one won one of the bigger prizes.

I wouldn’t put the money in bonds but a stocks and shares ISA instead. Avoids all these hypothetical situations and, if chosen well, is likely to bring much higher returns.

I agree stocks and shares makes sense for the majority and that’s the plan. I’d just like some to be accessible and in cash in case there is a need before they are 18. It’s just whether to chase rates in regular savers for the next 15 years or shove the cash bit in premium bonds and forget it. I’d like to do the latter but can’t get my head around what I’d do if one child won big and the other didn’t.

I would just split the winnings between the dc. Can't be fair to do anything else as it's just luck.

My sister and I have premium bonds that were started by our parents. Any winning under £100 were automatically reinvested into new bonds.
Its a random luck of the draw and that's life, so I would just let the winning account reinvest the money.

For a large amount, can you split it 75/25?