Stocks and shares ISA for children?

[Panobo]

I phoned my bank today to set up an S&S ISA for my young sons, but they do not do any ISAs for children. I have done a quick inter web search and found nothing... so my question is; is there an ISA I can set up for each of my sons, where I can drip feed monthly funds over the next 15/20 years.

[anotherbigspender]

If you search for Junior Stocks and Shares ISA then you’ll get plenty of hits.

[craig1912]

https://www.vanguardinvestor.co.uk/investing-expla...

To be honest your bank isn’t the best place to ask

[Panobo]

Thanks to both of you for the direction- PH always delivers!

[LeoSayer]

I used HL but others are available.

Just bear in mind that funds can't be withdrawn until age 18 and at the same age, ownership transfers to them.

[Jon39]

I used an alternative method very successfully and it also has the benefit of continuing control beyond the age of 18 years, if you feel at tha time that is wise.

Shares can be held in what is called a designated account. The assets belongs to the child, but being a minor, is usually held in the name of a parent. EG. Frederick Bloggs A/C ACB (the child's initials).

If originally gifted by a grandparent, the child then has available their own CGT and other allowances.

[wrencho]

The Brewin Dolphin online S&S ISA is very user friendly...

[craig1912]

wrencho said:

The Brewin Dolphin online S&S ISA is very user friendly...

But at least three times the cost of Vanguard