Bare trust registration

[jim jones]

Hi all

I have gifted child £50,000 to purchase premium bonds. These generate approx. £2,000 prizes per annum.

I want to put the prizes into a bare trust general investment account with a UK stockbroker.

When registering with TRS, who is the settlor ?

I feel like it is the child, but that seems to invite an HMRC query. Don't want to put myself as settlor as doesn't seem right (and might prejudice tax position).

Thanks

[pawncob]

It can't be the child, so it must be you.