By starting to save early you can give your child a good financial start in life. Junior Individual Savings Accounts (Junior ISAs or JISAs) let you save and invest on behalf of a child under 18. There is no tax on the interest or investment gains, which means the money you put away can grow even faster. You can save up to £4,368 each year on behalf of a child and, just like the adult version of ISAs, you can save into a Cash JISA or a Stocks and Shares JISA.
You can find out more about Junior ISAs, including a recap of all of the information above, by clicking below and watching our two-minute animated summary:
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