We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Grandparents opening a new children's savings account
Jonah1156
Posts: 131 Forumite
My O/H is thinking of opening up 2 accounts for her grandkids but don't see them due to falling out with her daughter. I have been told that a birth certificate is required to open an account but in this case, it's not possible due to reasons stated above.
Is there any other way that this can be overcome so that she can get the accounts ready for Xmas and the future without encountering any red tape?
All tips/advice will be greatly appreciated.
Is there any other way that this can be overcome so that she can get the accounts ready for Xmas and the future without encountering any red tape?
All tips/advice will be greatly appreciated.
Better in my pocket than theirs!
0
Comments
-
Depends how visible - to the children - you want these accounts to be (I assume they're under 16). If part of the gift is to present them with accounts and visible savings - then you're a bit stuck. As virtually everyone (for a 'trustee' case) will need to ID the child - and the birth certificate is the norm, as there's little else normally.
But if you're happy to have the accounts held more covertly - your wife simply opens an account(s) in her own name. An ISA is ideal - if at least one of you don't use your allowance - as it resolves the tax issue if your wife is a taxpayer. It also means the children don't have direct access to the cash at age 16 .... sometimes very beneficial.If you want to test the depth of the water .........don't use both feet !0 -
Birth certificates are easy to obtain as far as i am aware as long you have all the details of the children and their mother/father you can order them online.:jFriends are like fabric you can never have enough:j0
-
xmaslolly76 wrote: »Birth certificates are easy to obtain as far as i am aware as long you have all the details of the children and their mother/father you can order them online.
Yes you will be able to obtain birth certificatesTOTAL 44 weeks lose. 6st 9.5lb :T0 -
You can get a copy of the birth certificate from this web site: http://www.gro.gov.uk/gro/content/certificates/ (General Register Office). The cost is £7.00 per certificate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards