my 2 children (aged 14 & 10) have just received a couple of K inheritance... I want to set up tax free accounts for them.... and have a few questions...
I saw elsewhere that interest limit is 100 for children
... but could be higher as money has not come from a parent... is this true?
I looked at a nationwide "children's account" and it said it was for ages
so this seems to disqualify older son... is he entitled to an adult account
looked at ING direct and they said age 18+)... or do I open account in my
for them (would this be tax free for them?)
I guess probable use for money will be to fund driving lessons etc in a few
any recommendations on easy access (or internet) accounts that would meet
ages (and probably instant access as this seem to pay best interest rate)
- posted 16 years ago