Disabled Persons Trust

Addledmum

Hi All,

Trying to navigate investing money in my son's disabled persons trust fund. It seems some platforms (Interactive Investor, Trading 212) do not accept trust accounts.
Has anyone on here found a low fee platform which does accept disabled persons trust accounts?

many thanks

poseidon1

I am pretty sure there are no DIY investment platforms which will accept formal trust monies of the type you described.  Those that do offer trustee accounts limit their offering to  Bare Trusts, where the child beneficiary ultimately takes personal control of the account on attaining age 18.

Trusts for disabled persons ( vulnerable person trusts), have complexities that ordinarily require the trustees to take professional investment and tax administration advice.

Questions therefore:

* How much is in the trust, and are the funds currently held on interest bearing deposit?

* From whom did the trust monies originate?

* What are the formal terms of the trust deed on behalf of your son?

* Have you registered the trust on HMRC's Trust register ( a mandatory requirement with penalties for non compliance ) - see link

https://www.gov.uk/guidance/register-a-trust-as-a-trustee

Additionally the trust will be required to separately register for submission of self assessment trust tax returns, with a complex vulnerable person's tax election system to utilise your son's personal tax status to minimise annual trust tax liabilities. In this regard have you enlisted the services of a trust tax accountant? In the meantime see link below -

https://www.gov.uk/trusts-taxes/trusts-for-vulnerable-people

Your question implies you have little or no understanding of the potentially onerous trustee responsibilities attached to this form of trust.