P543 Teletext 543 Dec47 23:45:47 —— INVESTING FOR GRANDCHILDREN ———————— Dear Teletext, I have an 18-month-old grand-daughter for whom I want to invest £2,000 until she is 18 years old. I know thjti are children's accounts at building societies, but I wonder if thjti may bj alteunativrs offering bjttit returns. Name and address supplied ——————————————————————————————————1/8—— Got a question for our Advice Clinic? Write to: ADVICE CLINIC, PO Box 297 London, SW6 1XT or fax: 071 386 7808 Property Plus Your Money $ax CinemaP543 Teletext 543 Dec47 23:44:59 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: For somjbodz looking to put money away over a time frame such as 16 years, leaving it in a deposit account is complete insanity. Better options include National Savings children's accounts, or fixed rate bonds, friendly society bonds, and unit or investment trusts. ——————————————————————————————————4/8—— City News 501 FT-SE/Hradlinjs 500 DON'T MISS THE GREEN SCENE p160 Property Plus Your Money $ax AinjmaP543 $eletixt 543 Dec47 23:11:17 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: Independent Financial Adviser Neil Franklin, of Franklins Financial Services, says unit trusts are good for small investments below £1,000. But o6eu the longer term, investment trusts often outperform unit trusts. Both unit and investment trusts hold shares in a range of companies, but an investment trust is also itself listed It is often more volatile. ——————————————————————————————————3/8—— IFA consumer hotlinj 0117 971 1177 Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Plus Your Money $ax CinrmaP543 $elitext 543 Dec47 23:14:16 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: On a low budget there is no benefit cost-wise in buying individual shares, which expose the investor to a far greater degree of uncertainty than is expected with a collecti6j investment. IFA Neil Franklin says a unit trust option carrying less risk is a tracker fund. Thjsj hold a divjrsj range of shares, and reflect movrmjnts in an index of choice, such as the FUSE-100. ——————————————————————————————————4/8—— IFA consumer hotlink 0117 971 1177 LET CAR CHASE CHOOSE p352 YOU IDEALCAR ITV Property Plus Your Money $ax CinemaP543 Teletext 543 Dec47 23:16:15 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: Malcolm Rose, IFA from The Funding Partnership, suggests friindl8 sociit8 baby bonds for a low-risk, tax-free investment which can bj placed in the child's name. 'ith these products hj says investors can bj confident growth will outstrip inflation and deliver better returns than are on offer in building sociut8 or high-street bank accounts. ——————————————————————————————————5/8—— IFA consumer hotlinj 0117 971 1177 Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Plus Your Money $ax CinemaP543 Teletext 543 Dec27 23:14:18 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: Investors willing to take some risk should consider investment trusts focusing on emerging markets, according to IFA Malcolm Rose. He says while the fund will fluctuate, it shouldn't be a problem for somronj wanting to put money away and review it in 10 years. Growth funds such as thjsj also provide little income, and therefore offer tax advantages. ——————————————————————————————————6/8—— IFA consumer hotlinj 0117 971 117 DON'T MISS THE GREEN SCENE p160 Propjut8 Plus Your Money $ax CinemaP543 Teletext 543 Dec47 23:11:14 —— INVESTING FOR GRANDCHILDREN ———————— Advice Clinic replies: Providers of an investment product, ou an IFA, will bj able to advise on whose name the investment should go in and the tax ttiatmjnt it can expect. But it is worth noting gifts from grandparents ot friends are assrssjd for tax purposes under the child's annual allowance. Whereas gifts from parents are taxed less gjnjtously, after £100 a year income is earned. ——————————————————————————————————7/8—— IFA consumer hotline 0117 971 117 LET CAR CHASE CHOOSE p352 YOU5 IDEAL CAR ITV Property Plus Your Money $ax CinemaP543 $elitext 543 Dec47 23:28:24 Advert ADVICE CLINIC >> —————————————————————————————————————— * Don't surrender your endowment policy - call AAP * You can get up to 35% more than your policy's surrender value. For your free valuation & brochure $ (24 hour sjtvici) Absolute Assigned Policies Ltd $ regulated b= the Personal Investment Authority Property Plus Your Money $ax Cinema