Look further afield to provide for your brood

Parents and grandparents should look beyond standard savings methods such as child trust funds and consider stakeholder pensions, ethical funds and esoteric investments such as wine and art

When considering making an investment on behalf of a child there are various standard options available. These include National Savings and Investments Premium or Children's Bonus Bonds, and Child Trust Funds. This article will look at some of the more esoteric ways of saving for children and consider for each one the important aspects of risk, tax efficiency and access. A stakeholder pension is a flexible and tax efficient savings plan that allows an individual to save for retirement. There is a maximum charge of 1.5% of the fund value each year, reducing to 1% of the fund value after ten...