First Steps Investment Dealing Account

It’s natural to want to provide for your child financially. Here’s how we can help.

First Steps Investment Dealing Account at a glance

  • No investment limits
  • You control when the Child gets access to their investments
  • Quick and flexible online trading service
  • Anyone can open a First Steps account, you don't need to be a parent, guardian
  • You can have multiple Accounts for one child

Important information

Please remember the value of your investments and any income from them can go down as well as up and you may get back less than the amount you originally invested.

If you do not set up your First Steps account under trust, it will form part of your estate for inheritance tax purposes.

Unlike a Junior ISA, a First Steps Account does not shelter you from tax on your savings or from Capital Gains Tax on the sale of any investments.

If you are unsure as to the suitability of any particular investment or product, you should seek professional financial advice.

Tax rules may change in the future and taxation will depend on your personal circumstances.

Why IBIS Turkish Bank?

  • Account fees that don’t grow with your investment
  • Save regularly from $50 a month
  • Stop, start and change your payments whenever you like
  • 24/7 access to manage your Junior ISA online
  • Over 4,000 investments to choose from

find out more

Three easy steps to open a First Steps Investment Dealing Account

  • Decide how much you want to invest.
  • Go to the Investing Hub to research your investment choices.
  • Apply online now.

A word about trusts

If you like you can set up a trust to hold a First Steps Account for your child. There are different types of trust, but broadly speaking you can use a trust to make it clear from a legal point of view that the investments are being held for the benefit of the child.

The terms of the trust also set the ground rules for how and when they can be given control over those investments.

Getting help

We are very happy for a trust to hold a First Steps Account but we can’t arrange one for you. You will have to do this separately with the help of a lawyer or financial adviser.

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