If you would like to save for your child outside of the Child Trust Fund wrapper, then you can utilise any investment fund to do so. Although unit trusts and OEICs cannot be held by any person under the age of 18, they can be designated into the name of a child, which displays the intention to transfer the assets into the child's ownership at the age of 18. This is an excellent way to save for your child's future needs, as the control is maintained by the primary investor until they are happy to transfer the proceeds. Please see our literature library for an Investment Funds application form.