How can I 29 September 2007 at 11:29PM in Savings & investments 2 replies 672 views

redneck

Can I

Do a small investment for my new grand daughter without the parents finding out ?
I know the answer is already probably No,
But my daughters money mysteriously "vanished" (she cleared off his debts) soon after her marriage, and I really want my grand daughter's to go into some sort of trust, where they cant touch it.

Any serious suggestions please, of where I can invest, that does not involve HIM.
Bit of a family rift involved here.

annie-c

If you want to make a tax-free investment then you'll need one parent's signature but could save in your name which menas that after giving the signature the savings passbook or whatever remains in your care...

http://www.hmrc.gov.uk/taxback/childsavings.htm

frugalmacdugal

Hi,

have a read of this article, it's a bit out of date, but will give you an idea.
You could set up a unit trust in child's name and make a lump sum or monthly payments.