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Child account funds held till 21

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Comments

  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I agree with a couple of posts above. It is very simple to set up something to age 18, with a JISA being the starting point. It's much more complicated to restrict it to age 21. I would encourage it to be done now rather than in a will as they don't need to survive the full 7 years to avoid inheritance tax (if it applies at all). There is a sliding scale over that time.
  • xylophone
    xylophone Posts: 45,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
     her first words were that will help towards my house deposit.

    Does she have a LISA?
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