Tax Efficient Investment

[TommiLogic]

Hello,

I’m looking for some guidance on how best to structure an investment. Brief bit of background, I have two children both under the age of 10. We already make use of their annual JISA allowance and the £3.6kyr SIPP allowance (and will continue to do so for the foreseeable future). We also do the same for my & my partner’s ISA/Pension allowances. Which I think means we’re already maxing out our tax efficient investment options, but I’m hoping someone will point out something we’re missing.

The kids have inherited a reasonable sum of money (£50-100k each) from a relative (who lived overseas, if that’s relevant). I’d like to invest the funds with a long-term (20yr+) horizon on their behalf. I know what I’d like to invest in (mostly index/tracker funds) but would appreciate some guidance on the best vehicle to use. Assuming we have no tax free investment avenues, the best option I’ve come up with is to invest through a regular brokerage/trading account (Interactive Investor is my default platform fwiw) and try to minimise the kids tax liability by realising gains each tax year when possible (to make use of their annual allowance).

Thank you!