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investing for children

Hi,

I just opened a child trust fund for my daughter with one of the execution-only stockbrokers, and this enables me to invest widely.

OK. Good Stuff.

However, how do you go about investing for other slightly older children who are not eligible for CTFs ?

My knowledge of widely marketed 'childrens investments' has led me to believe that most of these are truly dreadful - some of these are still little more than 10 year with-profit endowments, and most are unlikely to return greatly more than a decent deposit account.

What I want to do is to invest in Investment Trusts, ETFs or direct equities.

Can I open an account in the capacity of guardian, or do I need to wrap this within a suitable Trust wording, and use Trustee powers of investment ?

Thanks in advance for any pointers.

SS.

Reply to
sylvian stone
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Start a savings plan with something like JUMP, see

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You will have an account which you designate as the child's with their initials. This is actually their property held in a basic trust, and they get control of it when they become 18.

Reply to
Terry Harper

Witan Investment Trust ...... no thanks ........

I've discussed this with some people, and there seems to reason why I can't get a solicitor to draft a bare trust or a discretionary trust, and use that as the vehicle for making investments.

At least I've got some control, and am not locked into a savings plan with one investment company.

Reply to
sylvian stone

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