I am thinking more of gifting (7 year rule). They can then have opened for them a Junior ISA which they can only access at 18 (yes, this is young, but will a trust now extend much further?). This would probably involve a sequence of gifts each year within the ISA limit. This may be less than you are thinking of giving of course.
I have been both the administrator and beneficiary of trusts: they are a nightmare. Hideously expensive to administer and complex to run. ISA's are transparent and so far seem to be immune to policy u-turns.
For larger sums a trust might still be worthwhile but you will need a proper lawyer. The one who ran my family trust cost £450 an hour (believe me).
Edited 2 time(s). Last edit was march 16, 09:05pm by jaywalker.