trust fund
my dad would tell me for years about the trust fund. he used to tell me about a few years before i turned 18 to make sure i give it him. the trust fund had initially started from £250 as each child got that from the government and every month my dad would add about £50 into the trust fund. it was put into an investment which made the trust fund grow. and it came up to £20k when i turned 18 so my trust fund had matured and i was able to get money out. me and dad spoke about it and he wants me to take it all out and give it all to him.
im not sure what to do as he would always say that money is his because hes investing money into it like a savings account for him. i understand that but what i dont understand is the fact that why couldn’t he open an adult ISA for his individual savings and invest in both cause then id have my trust fund for my future and he’d have his savings.
we argued about it and it was so bad to the point where he said if you don’t give me that money he wants nothing to do with me. bare in mind we argued over nothing, it was me just telling him about what i had bought. and he didn’t like the fact that i had bought something and then he went ahead and said make sure you call your trust fund to take out your money. i obviously asked him what are you going to do with the money because legally it is mine, it’s under my name and it’s called child trust fund for a reason. but yh he just snapped at me and it was awful to go through because it went from me asking one question to being guilt tripped.
anyways got carried away there, but yes he goes he has debts to pay and he wants to use the trust fund and the rest of the funds he’s going to look after for me and my siblings. but yeah what do i do. do i give him the money or do i not.
he used to take half of my wage from me every month and i was not able to save at all because of him and not been able to even get anything important done like my driving. i’ve had to push back everything
im not sure what to do as he would always say that money is his because hes investing money into it like a savings account for him. i understand that but what i dont understand is the fact that why couldn’t he open an adult ISA for his individual savings and invest in both cause then id have my trust fund for my future and he’d have his savings.
we argued about it and it was so bad to the point where he said if you don’t give me that money he wants nothing to do with me. bare in mind we argued over nothing, it was me just telling him about what i had bought. and he didn’t like the fact that i had bought something and then he went ahead and said make sure you call your trust fund to take out your money. i obviously asked him what are you going to do with the money because legally it is mine, it’s under my name and it’s called child trust fund for a reason. but yh he just snapped at me and it was awful to go through because it went from me asking one question to being guilt tripped.
anyways got carried away there, but yes he goes he has debts to pay and he wants to use the trust fund and the rest of the funds he’s going to look after for me and my siblings. but yeah what do i do. do i give him the money or do i not.
he used to take half of my wage from me every month and i was not able to save at all because of him and not been able to even get anything important done like my driving. i’ve had to push back everything
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