Saving Money For My Uk And Thai Kids

[simon43]

Now that I have been released from my 5 year prison term (just a joke!), and working in Thailand again, I want to try to put some money aside for my children. Right now, I do not have millions of baht to invest, but I do have a steady and increasing monthly income. So I should be looking at putting aside a sum each month for each of my young kids (3 in the UK and 1 in Thailand).

Can anyone suggest some investment/savings products which meet the following criteria:

- I can set up the account from Thailand in each of my children's names, without the need to visit the UK or to provide a mass of documents

- The product would provide a 'safe' way to save a varying amount each month, hopefully tax-free and with a decent rate of interest

- The product can be managed online, or via email/phone

- The product has minimal management fees

For example, are there any specific savings accounts for UK children where there is a tax benefit etc because the investment is made outside of the UK? For saving for my Thai son, are there any Thai savings/investment products that are worth considering?

As you might guess, I know next to nothing about such investments, (explains why I lost tens of millions of baht on 2 previous occasions!). I don't want to repeat my previous mistakes, so good advice is much appreciated.

Simon