Setting up a junior ISA for your children

Vicki Hicks

A junior ISA is a popular savings choice for children, as it means that our little ones can save for their future without being taxed.

There are a number of variations for this type of account – cash, as well as stocks and shares – and you are able to save on behalf of anyone under the age of 18.

The money accumulated in the account, is saved and locked in until the child turns 18. At which point, the funds will wholly become their own – happy 18th birthday!

So, why not set one up now and begin planning for your youngster’s future?

To find out more about this topic, head over to the full blog on the MMB website.

 

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