Where to invest child benefit for two kids

[XXX222]

Hello any suggestions on where I should invest child benefit for two kids until they're 21? They're 5 now so want to invest lump sum of 20K plus 1000 per month then for 16 years.

 

[Harvard]

Hello any suggestions on where I should invest child benefit for two kids until they're 21? They're 5 now so want to invest lump sum of 20K plus 1000 per month then for 16 years.

Best to contact a QFA

 

[GAAmam]

We use the State Savings products from An Post; not the best interest in the market but its tax free and east to set up. Some info below:

Ireland State Savings - Help & Support | State Savings

Browse and search our help articles, download an application for or a brochure

www.statesavings.ie

 

[Homepayer]

I've got mine in Zurich Dynamic fund. It has performed well for a couple of decades I think. Try and buy it through a low fees broker.

On this website they advise you not to save separately for your kids though. Read a few threads in the money makeover page.