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Old 09.12.2020, 03:37
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Re: UK Premium Bonds

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Thanks for the feedback. I probably should have been clearer with my question. Rethinking, I suppose I was most interested in ownership issues and tax implications. The money is mine and therefore putting it in an account for my children am I likely to have issues "reclaiming" it back from them (they are both under 4)? I'm not intending to place it there long term.

Legally it would belong to them but you control the account up until they reach 16. Whether it's ok by the Swiss to hide wealth like this I don't know. NS&I probably don't report premium bonds to the tax authorities. When you 'reclaim it' it would be a gift, from your 4 year old for example.
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