Can I invest gold bullion on behalf of my child?
Yes, you can invest in gold on behalf of your child.
Gold doesn’t generate income, only Capital Gains which is taxable for children. However, a child’s annual exemption (£10,000) and 18% rate band (£37,400) are available unless they have already been utilised through other investments.
The gifting of newly bought gold to a child would not have any Capital Gains Tax implication but if the donor were to die within 7 years it might have Inheritance Tax Implications as any other gift would.
You cannot invest in physical gold through a child trust fund. Child Trust Funds have been axed for all children by the Government. Payments will be phased out from August 2010 and end altogether from 1 January 2011. If you want to invest in physical gold on behalf of a child, direct investment through Gold made simple ® is an option.
We are not qualified to give you investment advice and would always recommend that you talk to an Independent Financial Advisor to confirm the information provided on this website.
If you would like to invest in gold on behalf of a child through GoldMadeSimple.com Ltd you need to open an account in a slightly different way (as a nominee or bare trustee) ie. The account name should be completed as follows:
First Name: Fred (parent) for Jane (child)
Click to buy gold and invest for your child now.
Please Note: The articles that are published on our website are provided for background information only. GoldMadeSimple.com cannot offer you investment advice. Any investment you make is at your own risk. Information provided on our website may be out of date at the time of reading and we would recommend that you verify all details elsewhere before making your investment. For independent financial advice (click here)