I had one, sort of.
When my daughter was born I opened an account in her name and made a monthly order to put money into it with the intention of giving her a start in life when I thought she might be mature enough to use it wisely.
I probably thought when I started the saving up that I'd give it to her on her 18th or maybe her 21st birthdays but she wasn't mature enough at 18 and enjoying university life at 21 so thought I'd keep it going for a while longer - that was the plan anyway.
When she had finished uni and done a years traveling around the world she decided to settle down a bit and start her work career. Jobs however weren't as plentiful had she hoped and she ended up doing a few short term contracts for a while.
At the end of one of them she applied to the taxman for a refund of overpaid tax that was deducted from her and got a bit of a shock that the taxman wanted to know what interest she had earned on this 'secret' bank account she knew nothing about!
When the cat was out of the bag it was the time to give her access to the money which as far as I know she hasn't partied away - up to now anyway.
Just goes to show though the access to knowledge HMRC has at their disposal - big brother and all that!
Last edited by Sluffy on Sat Aug 08 2020, 12:01; edited 1 time in total (Reason for editing : Spelling mistakes)