New Posts For Thread: Tracker fund for kidshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25783245/tracker-fund-for-kidsBecause interest rates are so poor I rang up Fidelity last week thinking I could just open a unit trust in each of the kids names but unfortunately Fidelity said each fund would have to be in my name and as I didnt want to put "their" money in my namclyde, I dont know the UK tax system but can you buy shares in the kids names? Even if you have to pay adult tax on it?If so you could buy some with a view to giving it to them once they reach say 30yo.thats give a stack of time to grow and means thttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25783245/tracker-fund-for-kids?post_id=465422729#465422729clyde, I dont know the UK tax system but can you buy shares in the kids names? Even if you have to pay adult tax on it?If so you could buy some with a view to giving it to them once they reach say 30yo.thats give a stack of time to grow and means tThu, 09 Sep 2010 01:02:07 -0500tahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25783245/tracker-fund-for-kids?post_id=465195517#465195517taTue, 07 Sep 2010 12:52:06 -0500The difficulty you are having is due to the view that HMRC take. They consider that parents setting up 'schemes' for their children are merely a tax avoidance ruse that utilises the childs personal tax allowance for the benefit of the parents.If thehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25783245/tracker-fund-for-kids?post_id=465155225#465155225The difficulty you are having is due to the view that HMRC take. They consider that parents setting up 'schemes' for their children are merely a tax avoidance ruse that utilises the childs personal tax allowance for the benefit of the parents.If theTue, 07 Sep 2010 06:36:43 -0500Because interest rates are so poor I rang up Fidelity last week thinking I could just open a unit trust in each of the kids names but unfortunately Fidelity said each fund would have to be in my name and as I didnt want to put "their" money in my namhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25783245/tracker-fund-for-kids?post_id=464895405#464895405Because interest rates are so poor I rang up Fidelity last week thinking I could just open a unit trust in each of the kids names but unfortunately Fidelity said each fund would have to be in my name and as I didnt want to put "their" money in my namSun, 05 Sep 2010 10:34:22 -0500