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Child saving account access when 25

katiscurious66 · 2024-11-18 09:36:26

Hello, I have been reading about child savings accounts/ISAs etc and they all seem to give the child access when they are 18. I really want an account that I can put money into but they can't access until they are 25 or older. Anyone know if there is such an account or how I can save money for them that they only get when…

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Eco_Miser Posts: 4,862 Forumite

21 November 2024 at 2:42AM

silvercar said:

Open an account in their name, but don't tell them about it. When they hit 25 you can let them know.

And if they're unfortunate enough to have to claim a means tested benefit they may have serious problems for failing to declare capital they didn't even know they had.

Eco Miser
Saving money for well over half a century
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