Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • Christabel
    • By Christabel 6th Aug 18, 6:42 PM
    • 224Posts
    • 42Thanks
    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
    • 26,078 Posts
    • 15,445 Thanks
    • #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.

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


    If you mean a savings account

    • Voyager2002
    • By Voyager2002 6th Aug 18, 9:03 PM
    • 12,269 Posts
    • 8,371 Thanks
    • #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
    • 224 Posts
    • 42 Thanks
    • #4
    • 7th Aug 18, 8:47 AM
    • #4
    • 7th Aug 18, 8:47 AM
    Thank you both for your very useful replies.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

366Posts Today

4,316Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,?

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more?

  • Follow Martin