With kids - if you wanted to put money aside for them either for driving lessons/house deposit, it is protected and you stand a chance of it winning more money. So why not?
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In PBs the value will go down over time due to inflation. Keep some, but look at junior ISAs and if you can afford it, have a few parts to it for different events. It will stop the early retirement fund being spent. They will thank you for it at 30 or 40 with a substantial amount.
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