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Son's ISA's????

nicks
nicks Posts: 386 Forumite
Combo Breaker First Anniversary
in Savings & investments
Am I allowed to use my son's ISA allocation to invest money? He does qualify for one, but he doesn't have the money - could I 'technically' lend him it to use his ISA?????

Thanks

Nicks

Comments

  • Aegis
    Aegis Posts: 5,693 Forumite
    First Post Name Dropper Second Anniversary
    You are allowed to give your son money. However, once you do it legally belongs to him, and if he decides to spend it or invest it, it's his own business.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    First Anniversary First Post
    which could mean !!!!!! :o
  • nicks
    nicks Posts: 386 Forumite
    Combo Breaker First Anniversary
    :rotfl::rotfl::rotfl:

    Perhaps I won't go down that route then!!!!!!!

    Nicks
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    First Anniversary First Post
    nicks wrote: »
    :rotfl::rotfl::rotfl:

    Perhaps I won't go down that route then!!!!!!!

    Nicks

    Hehe yeh I am in a funny mood tonight. I think its the heat.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    10 Posts First Anniversary
    Provided he is over 16 there is nothing wrong with what you propose. However, since the money will legally be his, he may spend it on wine, women and song, or he may waste it!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
This discussion has been closed.
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