Junior ISA – could this be the gift that keeps giving?
Who doesn’t love the magical chaos of the festive season, as our little stars tear into their presents? It’s what memories are made of. But if you sometimes wish that they didn’t outgrow those gifts so quickly, how about adding a Junior ISA to this year’s gift list?
What is a Junior ISA? It’s an investment account designed specifically to give children a financial head start in life. A parent or guardian needs to open the account but once that’s done, anyone can add to it, creating a simple way for family and friends to make financial gifts.
In total, £9,000 can be added to each child’s Junior ISA every year, opening up big possibilities for their future. No one else – not even a parent – can touch the savings. They stay safely in the account until the child’s 18th birthday. So while the idea of an investment account might not have them whooping with joy right now, this is one festive gift that their older selves will thank you for!
Foresters offer a Junior ISA that’s quick to open and easy to manage. Find out more at foresters.com/JISASL
Investing carries risk.
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