Create a trust for your child or grandchild from the comfort of your home for just £99.
When you invest, your money is at risk.
A Bare Trust is one of the most flexible ways to invest for children whilst keeping the money in their name.
Don’t forget that what you’re taxed depends on the current rules and your own personal situation, that can change in the future.
Download our app, create an account and tell us about yourself, the child you’re investing for and why you’re investing for them. This will give us all the information we need to create the trust.
Select your investments and themes. This is what the money that you put inside the trust will be used to buy. You can read more about the investments you can select here.
A Bare Trust is a legally binding agreement so before it’s created you’ll need to read over and agree to the term. You’ll then be able to download the trust agreement for your records.
Make your first payment and set up a regular payment plan - if you want. Any money in there will fall under the specific provisions of the trust. Don’t worry - we’ll send you a guide to walk you through everything you need to know.
We’re available 9am to 6pm, Monday to Friday except for bank holidays.
As well as the £99 set up cost for the Bare Trust, we also charge an ongoing flat “platform fee” of 0.50%. There’s then an additional 0.20%-0.25% depending on what investments you pick (paid to BlackRock). That’s an ongoing annual fee of around £7.50 if you invest £1,000 with us.
Up to £85,000 of your money may also be covered by the UK Financial Services Compensation Scheme (FSCS) should WealthKernel (our Principal Firm) become insolvent.
We like to keep things in the family. We’re an app built by parents for parents. So, we understand your niggles and your ambitions when it comes to your little ones. And we understand just how priceless peace of mind is. Happy days.
What is a Bare Trust? How do Bare Trusts work? The difference between Junior ISA and Bare Trust. Learn how to open a Bare Trust.
There are currently 630,000 children in independent school (also know as private schools) — just under 7% of the total number of school children in the UK. For the parents of these children, school fees represent one of the largest expenses in their life. We trawled through the websites of all UK HMC schools (a professional association of the world's leading independent schools) to find out exactly how high those fees are.