Wednesday, December 14, 2011

How do I best invest for my child?

Our son has just turned 1 and we have been investing in an ISA for him in my name since birth. We would like him to have his savings in his own name and for us to continue investing in the stock market for him. The simplest way would seem to be thorugh an OEIC under a bare trust but we have no experience in setting one of these up. What are the other ways to achieve this and what is most tax efficient for both him and us (his Mum is currently not working as we expect the arrival of no 2)?

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