Stocks and shares ISA for children?
Stocks and shares ISA for children?
Author
Discussion

Panobo

Original Poster:

13 posts

62 months

Monday 23rd August 2021
quotequote all
I phoned my bank today to set up an S&S ISA for my young sons, but they do not do any ISAs for children. I have done a quick inter web search and found nothing... so my question is; is there an ISA I can set up for each of my sons, where I can drip feed monthly funds over the next 15/20 years.

anotherbigspender

104 posts

79 months

Monday 23rd August 2021
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If you search for Junior Stocks and Shares ISA then you’ll get plenty of hits.

craig1912

4,627 posts

141 months

Monday 23rd August 2021
quotequote all
https://www.vanguardinvestor.co.uk/investing-expla...

To be honest your bank isn’t the best place to ask

Panobo

Original Poster:

13 posts

62 months

Monday 23rd August 2021
quotequote all
Thanks to both of you for the direction- PH always delivers!

LeoSayer

7,819 posts

273 months

Tuesday 24th August 2021
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I used HL but others are available.

Just bear in mind that funds can't be withdrawn until age 18 and at the same age, ownership transfers to them.

Jon39

14,914 posts

172 months

Tuesday 24th August 2021
quotequote all

I used an alternative method very successfully and it also has the benefit of continuing control beyond the age of 18 years, if you feel at tha time that is wise.

Shares can be held in what is called a designated account. The assets belongs to the child, but being a minor, is usually held in the name of a parent. EG. Frederick Bloggs A/C ACB (the child's initials).

If originally gifted by a grandparent, the child then has available their own CGT and other allowances.



wrencho

343 posts

94 months

Tuesday 24th August 2021
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The Brewin Dolphin online S&S ISA is very user friendly...

craig1912

4,627 posts

141 months

Tuesday 24th August 2021
quotequote all
wrencho said:
The Brewin Dolphin online S&S ISA is very user friendly...
But at least three times the cost of Vanguard