Invest in a junior cash ISA, a junior stocks & shares ISA, or both
Posted by AdamJones on Wednesday 30th of October 2019.
University, their first car, trekking through Peruvian rainforests. There are so many things children dream of doing when they become young adults. That’s why finding the best way to invest for their future when they’re young can be vital. But is it better to save, or invest? In its simplest form, a regular savings account aims to grow your money with the Bank of England’s rate of interest, which is currently very low – only 0.75% – which won’t go far for your child’s future. When you put your money into an ISA, it will be exempt from capital gains tax, which increases its potential to grow into a greater sum which your child can access when they turn 18, and even manage at 16 if they so wish. You can start working towards a smarter financial future for your child, by contacting us to talk about investing in a junior ISA in more detail.
Please download our brochure for more information. For more information or if you have any questions, please contact the team on 01626 853500
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