Strictly, all ISA applications must be made by the investor. But Crowdstacker may accept an application from someone holding a Lasting Power of Attorney (LPA) which has been registered with the Public Guardians Office and which gives the attorney the power to make the decision to open an ISA.
Crowdstacker will need to:
- see the LPA (or a certified copy of it) and retain a copy for their records in case the account is queried by HMRC auditors,
- check any restrictions on the LPA to see that it is broad enough to cover the opening of an ISA.
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