Blackrock1
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My kids have various amounts on deposit with BOI in their own name, its monies gifted within the annual threshold from grandparents and childrens allowance lodged.
obviously its earning nothing there and we had though about putting it in a fund with zurich or someone but if we put it in their name they could theoretically withdraw the money at 18 and blow it. Ideally id like to have it in an account that we as parents could direct (but not withdraw from) and maybe restrict their access until they are a little older,
does anything like that exist? the other worry is if it goes into an account in my name and then back to them when they are older it uses some of their inheritance threshold.
obviously its earning nothing there and we had though about putting it in a fund with zurich or someone but if we put it in their name they could theoretically withdraw the money at 18 and blow it. Ideally id like to have it in an account that we as parents could direct (but not withdraw from) and maybe restrict their access until they are a little older,
does anything like that exist? the other worry is if it goes into an account in my name and then back to them when they are older it uses some of their inheritance threshold.
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