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Old Sep 29th 2017, 11:57 am   #1
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Any advice please on how to move our 10 year old daughter's RESP from Canada back into some sort of UK investment plan or premium bonds?
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Old Sep 29th 2017, 6:00 pm   #2
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Default Re: RESP

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Any advice please on how to move our 10 year old daughter's RESP from Canada back into some sort of UK investment plan or premium bonds?
Don't think you should put money into premium bonds - you get next to nothing back!
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Old Sep 29th 2017, 7:53 pm   #3
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Default Re: RESP

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Don't think you should put money into premium bonds - you get next to nothing back!
You get next to nothing back everywhere these days! At least there's a chance she'll win some prizes...
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Old Sep 30th 2017, 12:50 pm   #4
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Default Re: RESP

Hi,

We have premium bonds, we will not loose anything and the odds of wining are better than the lottery lol seriously though there is hardly anything with a decent return and low risk at the moment but there are some better rates for children/youths though so have a good look around. Good luck
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Old Sep 30th 2017, 2:20 pm   #5
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Default Re: RESP

Need to get the money back here first though....any advice on closing the RESP, can it be done and how?
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Old Sep 30th 2017, 2:35 pm   #6
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Default Re: RESP

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Originally Posted by Scrapcat View Post
Any advice please on some sort of UK investment plan or premium bonds?
I think a JISA (Junior ISA) would be a good option, and hopefully lead to a good habit of continuing to save during adulthood.
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Old Sep 30th 2017, 2:39 pm   #7
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Default Re: RESP

Thanks but we're OK with what to do with it back in the UK but has anyone actually ever closed and moved an RESP back from Canada? Is it possible and how?
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Old Oct 2nd 2017, 5:35 pm   #8
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Default Re: RESP

Hi, I had a look on some information boards for you and there were lots of questions on RESP but not one about closing/transferring your RESP, maybe post this question on the Canadian site as someone there might have more information. Good luck
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Old Oct 3rd 2017, 3:54 pm   #9
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Default Re: RESP

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Need to get the money back here first though....any advice on closing the RESP, can it be done and how?
It doesn't look very promising.... How to invest in Canada | Termination of an RESP Account
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