Saving for your child’s future to help provide them with a better start to their adult life is a very important decision.
Whilst there are many different investment options, a Children’s ISA Account offers a way to save tax free for your child / grandchild.
A Junior ISA (Junior Individual Savings Account) is the perfect way to save a little nest egg to use when your child has grown up and is ready to go to university / college, buy their first car or even help them to purchase their first home.
A Children’s ISA account is very similar to a normal ISA for adults in that is has an annual investment allowance of £3600 per annum & any interest earned is tax free.
With a Child ISA the funds are locked in and cannot be withdrawn by the child until they reach adulthood (18 years old).