Was just thinking this morning, my daughter has a small share of premium bonds, as I suspect many kids do. She's won the odd £50 which gets put back into her savings account. But I wondered, what would I do if her holding won the £1m, or even the £100k?

What would the collective do?

Set up a trust fund. If the bonds are hers then that seems to cover all the bases – eg it's her winnings but you want them to be looked after until she's (hopefully) old enough to spend it with a degree of sense.

Then she can grow up to be a trustafarian 🙂