Henry’s Investments
The plan for Henry’s savings is to have three accounts, a Child Trust Fund, some tax free cash savings, and some tax free shares.
Liv is going to look after the tax free cash savings, and has set up a HSBC Cash ISA, of which £40 is allocated to Henry, with the intention of putting £10 a month in after April.
I’m going to look after the tax free share account, by allocating a portion of my share ISA to Henry, currently I’ve put in £62.39 which is from my Google Affiliates earnings, plus December’s £10. This has earned Henry a 0.6% share which currently consists of:
- 2 Cattles shares
- 6 Galliford Try shares
- 9 Highway Insurance shares
- 2 S & U shares
- 3 VP Group shares
- £13 cash
This does mean I’ll have to do a regular monthly valuation, to keep track of how Henry’s investments are doing.
Not decided on which CTF provider to use, or whether to go for Stakeholder or Cash versions.