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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. | |
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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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