parsimonious
Registered User
- Messages
- 5
I have a few spare Euros that I want to share trade for the kids Uni fund.
I'm trading shares myself with a low cost internet broker - US based and bloody awful re admin & documents (but cheap).
As I'm share trading for the Kids Uni - I want each of them to benefit from the €1270 cap gains tax allowance per year. All kids are under 16.
I know I can do a joint account with the wife. So the question - Is there any low cost brokers here or abroad who will allow joint accounts that include U16s.
OR
Is there any low cost brokers that will allow an U16 account be run by their parent.
If I can - it has huge impact on the Cap Gains Tax we pay per year. My 1270 cap gains allowance per year would increase to 7620 for the full family.
I'm trading shares myself with a low cost internet broker - US based and bloody awful re admin & documents (but cheap).
As I'm share trading for the Kids Uni - I want each of them to benefit from the €1270 cap gains tax allowance per year. All kids are under 16.
I know I can do a joint account with the wife. So the question - Is there any low cost brokers here or abroad who will allow joint accounts that include U16s.
OR
Is there any low cost brokers that will allow an U16 account be run by their parent.
If I can - it has huge impact on the Cap Gains Tax we pay per year. My 1270 cap gains allowance per year would increase to 7620 for the full family.