Junior ISAs

An easy lesson in savings that could help pay for University

Put away £50 a month and your child could have a £15,000 lump sum at 18. With the Junior ISA allowance increasing to £4,000 pa from 1 July, contributing a greater sum, could produce even better returns!

With a Junior ISA nobody can touch the money until the child is aged 18, when it will be rolled into a normal ISA.

ISAs are popular as they combine tax efficiency, simplicity, investment options and an annual contribution limit that is more than adequate for most people.

Investments within shares, can rise or fall in value, so investing in this asset class is normally recommended for the medium to longer term ie 5 years+. Alternatively, Cash ISAs could be a consideration?

Need advice? Feel free to contact us.