My son was recently left some money by a grand-parent, the will stipulated that it should be held in trust until the age of 25, however money can be distributed for advanced educations (or other reasons) at the discretion of the trustee (myself).
I live in the USA, the child is resident in the UK, and the funds came from France.
What tax free vehicles are available for investing these funds in the meantime, I certainly don't want to give him un-fettered access at 18.
The investment horizon is 8 years, so I would look at a moderately aggressive investment strategy. I am at liberty to change the structure of the trust.
Are ISAs available for the under-18s? would mutuals be simpler (and taxed)? Any suggestions.
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