Dear All
I do hope you are well and had a fantastic summer.
I had a quick question. In the UK we have a saving fund called an Junior Individual Savings Account https://www.gov.uk/junior-individual-savings-accounts
I am a British citizen but my son is finnish and living in Finland. I wanted to set up an ISA for him in the UK but was thinking it might be wiser to set it up in Finland.
Does anyone have any information about this?
Many thanks,
William
ISA / SAVINGS FUND FOR CHILDREN
Re: ISA / SAVINGS FUND FOR CHILDREN
Just set up account for the kid and there you go.AlexEllgee wrote:Dear All
I do hope you are well and had a fantastic summer.
I had a quick question. In the UK we have a saving fund called an Junior Individual Savings Account https://www.gov.uk/junior-individual-savings-accounts
I am a British citizen but my son is finnish and living in Finland. I wanted to set up an ISA for him in the UK but was thinking it might be wiser to set it up in Finland.
Does anyone have any information about this?
Many thanks,
William
To make more out of it, have regular deposits on the account and equally regular investments on index funds.
That is how my kids are set up. Can't remember if the funds are inside investment insurance envelope or not. Likely yes because they way it can be made that control of funds is released to child upon reaching maturity and investments can be shuffled inside the envelope without taxes.
I think old Warren is quite correct when noting that index beats all those fancy brokers out there.
Re: ISA / SAVINGS FUND FOR CHILDREN
I think your child has to be living in UK to open an ISA?
Re: ISA / SAVINGS FUND FOR CHILDREN
And pounds sterling aren't worth much in euros at the moment! If you child is going to live permanently in Finland (crystal ball...!), it would probably make more sense to save in euros.