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  • FIRST POST
    • Christabel
    • By Christabel 6th Aug 18, 6:42 PM
    • 234Posts
    • 44Thanks
    Christabel
    Finding a 'bare trust' for my grandchild
    • #1
    • 6th Aug 18, 6:42 PM
    Finding a 'bare trust' for my grandchild 6th Aug 18 at 6:42 PM
    I want to invest some money for my grandchild that I will keep the book for an receive mailshots rather than the parents, who have just split up. I don't want my grandchild to be able to access it until she is at least 18. Ive read that 'bare trusts' are the answer but where can I find these please, does anyone know?
Page 1
    • xylophone
    • By xylophone 6th Aug 18, 8:23 PM
    • 28,390 Posts
    • 17,179 Thanks
    xylophone
    • #2
    • 6th Aug 18, 8:23 PM
    • #2
    • 6th Aug 18, 8:23 PM
    Do you mean "invest" or "save"?

    If invest, you will hold the investments in bare trust.

    Example - see page 7 and note that you would complete a bare trust application form.

    https://www.bailliegifford.com/en/uk/individual-investors/literature-library/individualintermediary-non-fund/investment-trust/childrens-savings-plan-application-pack/

    Or you could choose your own investments within a Junior Investment account

    Example

    https://www.hl.co.uk/news/articles/archive/bare-trusts-tax-efficient-investing-for-a-grandchild


    If you mean a savings account

    Examples

    https://www.bathbuildingsociety.co.uk/savings/personal-savings-and-investments/supersaver

    https://www.skipton.co.uk/savings/childrens/childrens-saver
    • Voyager2002
    • By Voyager2002 6th Aug 18, 9:03 PM
    • 12,784 Posts
    • 8,756 Thanks
    Voyager2002
    • #3
    • 6th Aug 18, 9:03 PM
    • #3
    • 6th Aug 18, 9:03 PM
    A "bare trust" is essentially a wrapper: you could ask a solicitor to set one up for you, or download the necessary forms. Then you choose the investments/savings account and pay in the money.
    • Christabel
    • By Christabel 7th Aug 18, 8:47 AM
    • 234 Posts
    • 44 Thanks
    Christabel
    • #4
    • 7th Aug 18, 8:47 AM
    • #4
    • 7th Aug 18, 8:47 AM
    Thank you both for your very useful replies.
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