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    • ruby1308
    • By ruby1308 6th Dec 17, 12:05 PM
    • 1Posts
    • 0Thanks
    Opening ISA in Childs name
    • #1
    • 6th Dec 17, 12:05 PM
    Opening ISA in Childs name 6th Dec 17 at 12:05 PM
    I want to open up an ISA in my child's name and have control of the money. They are nearly 18. Is there an account I can do this with online? Thanks
Page 1
    • pramsay13
    • By pramsay13 6th Dec 17, 12:11 PM
    • 366 Posts
    • 799 Thanks
    • #2
    • 6th Dec 17, 12:11 PM
    • #2
    • 6th Dec 17, 12:11 PM
    For the Junior ISAs the child can take control of the account at 16 and withdraw money at 18.
    Any account in your child's name they will be free to do what they want with it at 18.
    So if you just want control of it in the time being then any Junior ISA will do the job and you can open many of them online.
    If you want control of it beyond that then no, you would have to open the account in your name or use existing account and gift the money as and when you desire.
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