Share Dealing For Kids ?

peter144_2

Hello,

This is my first post here, so hopefully I'm in the right place saying the right thing ! I've been scanning the web (including these forums), but can't find an answer to my questions.

My two children have reasonable lump sums sitting in building society accounts. I accept that this is a "safe" method of saving (anyone remember Northern Rock !), but I'm exploring other options that could provide a greater return for them.

One idea is to use their money to purchase shares.

I'm familiar (but by no means an expert) in buying/selling shares, but what I'm trying to find out is if there are any special considerations I need to bear in mind if we go down this route. (Maybe I should take the lack of available information as a sign!)

Can you provide reasoned judgment and data on any of the following ...
(a) Is this a reasonable option to consider ?
(b) Are there any specific trading organisations or accounts we should use ?
(c) Are there any specific tax considerations ?
(d) Anything else I may not have touched on above ?

Thanks for your time and I look forward to peoples views.

Pete.

Rolandtheroadie

https://www.share.com/a/junior-investment-account.html

It's something i've had a little look at, here's a link (sorry if I shouldnt post a link, it's for info only).