I spent time searching for similar threads on kids investments and also on Rabo bank. Lots of info in these posts. The tax situation with Rabo is a bit offputting and the 8 years rule is new from a 2006 finance act. I am now changing my thinking and starting to think about buying direct shares in 1 good company every year for the next 10/15 years. I own some Glanbia, Tullow, Ryanair and RBS already. When the big college/car/etc expenses come in years to come, selling one company at a time as required should work out on average. Less costs on average and simple tax logic. As well as that open a credit union account for small amounts like gifts, etc. I must use the search facility on this site more...