Investing for Children
Giving your children a step up in life with a financial boost when they reach their adult years to help with a deposit on a first home, university fee or simply a savings pot, is an important priority for many parents.
A JISA will allow grandparents, godparents, friends and relatives to contribute to your child’s savings pot. Any returns made are free of capital gains tax and there is no further income tax to pay so your child could make more of the money invested. The long timeframe means that even small contributions can build up to make a significant difference , especially when considering the effects of compounding.