Buy a premium bond in his name for £100 so he can hope. You never know!
Put the balance in a stocks and shares mini ISA invested in a good equity income fund. This will pay an increasing annual dividend, which will grow at compound rate, tax free.
It will help with university fees or deposit for a mortgage one day, or even a pension at 65.
2006-08-09 14:06:49
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answer #1
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answered by Anonymous
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You could give it to me, I'll drink it all down the pub, then in the future I'll have a hangover and I'll most probably vomit, and if your grandson is in close proximity it'll pass all onto him!
2006-08-09 09:53:53
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answer #2
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answered by Kango Man 5
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Congratulations first of all... Premium bonds look good and so do the isa things. have a look at them on nsandi.com ...or you could send me £500 so I can move house to be closer to my children??? NO? Oh well it was worth a try!! hee hee hee
2006-08-09 09:54:01
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answer #3
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answered by beckywecky 3
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Try buying some premium bonds, you can cash them in at any time so you havent lost anything but you can win up to £1000000 a month, i have some, good luck.................
2006-08-09 09:56:26
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answer #4
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answered by spud 3
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help a ftb put down a deposit on a house and when they sell or buy you out reap the rewards
2006-08-09 09:53:25
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answer #5
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answered by lizzie 1
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a years supply of Newcastle brown ale.
2006-08-09 09:51:25
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answer #6
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answered by Gypsie 5
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premium bonds
2006-08-09 10:11:55
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answer #7
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answered by Anonymous
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child trust fund, if hes young enough he should have one already otherwise i think you can open one.
2006-08-09 09:52:10
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answer #8
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answered by muffinplattsie 3
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BONDS
2006-08-09 09:50:42
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answer #9
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answered by Ollie 7
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