Keith Cobby;202671 wrote:I prefer my son to have his own money which cannot be touched by me whatever my financial circumstances, the money is completely ringfenced.
Same here, although I guess my circumstances are different in that the money has already been gifted to my kids, so is absolutely theirs. Which probably explains why I dislike the GIAs so much, as they put the money back under my name, and I'm always worried someone will wrongly attribute that money to me, when its absolutely not mine, it's the kids' completely.
But I can see the difference, and why people address things differently, between money that has already been given to the children (and is theirs), and money that is being saved with the view that it would be nice to give to the kids at some point provided it's not required for other family costs in the meantime.