Family ISA's

I have recently inherited some money from my father.

When opening an ISA for my 18 year son who has special needs , will the bank / BS allow funds to be paid from my account or does it have to from my sons current account ?

Just want to miminse transfers



Comments

  • masonic
    masonic Posts: 26,492 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 24 September 2023 at 5:56PM
    ISA managers should normally accept subscriptions as belonging to the account owner without challenge, but check the T&Cs.
    The safest option is to transfer from his current account, but they would normally just bounce back a payment they weren't willing to accept so that you could redirect it.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.9K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.9K Work, Benefits & Business
  • 619.7K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.