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Saving/Investing for Children
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Cloud_dog, could you explain the reasons for doing this in a bit more detail please?cloud_dog said:I used Investment Trusts but in your situation (and borrowing from Bowlhead), you could invest in your own GIA in the ACC version and when you need to sell to realise any CGT considerations buy the INC version as soon as funds are realised. You could always switch back to the ACC if you wanted to after 30 days.
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Might you wish to consider a cash JISA as you are using stocks and shares?
https://www.gov.uk/junior-individual-savings-accounts
https://www.coventrybuildingsociety.co.uk/consumer/product/savings/children/junior-cash-isa.html
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