With junior fund ISAs you will be able to invest on behalf of your child in a tax-efficient way. You can choose a junior fund ISA that suits the level of risk you are willing to take, as you build up a nest egg for when your child turns 18.
Junior ISAs launched in November 2011, providing a tax-efficient way for you to save for your child's future. Features of junior ISAs include:
- Maximum initial investment: £4,000 per tax year
- Funds are owned by the child, who cannot access them until age 18
- The government will not make contributions towards junior ISAs
- One junior cash ISA and one junior stocks and shares ISA can be held at a time
For more information, request an investment pack.