College costs require more than CTFs

savings

Child trust funds will be a good starting point for saving for university, but parents will need extra investments

There is no such thing as a free lunch or, it seems, a free education. This means that investing for children is one of the most important financial decisions parents will ever make. From the age of 18 young people are faced with the prospect of financing a university course, buying a car or putting down a rent deposit on a flat. Historically, few parents start saving for their children from the outset and those that do invariably choose cash-based savings rather than long-term schemes such as unit trusts and investment trusts. It is the cost of higher education, though, that should be at ...