Saving for son with autism

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
2 replies 994 views
gigergiger Forumite
164 Posts
Part of the Furniture Combo Breaker
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi all

My son has a CTF which we have decided to stop paying in to as we are unsure how responsible he will be at 18 with this money and how well he will be able to manage his finances due to his ASD.

We are half tempted to open an ISA in either mine or my wife's name (who doesn't contribute in to an ISA) to save for my son whilst also retaining control of the money. I appreciate that whilst we haven't used the ISA allowance for the past few years we cannot guarantee that this would remain this way for the next 10+ years.

We like the idea of putting the money in a fund and the real question is that is this a sensible practise, or have we overlooked something that we could open in my son's name (JISA) but retain control of due to his ASD?


This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals