3rd July 2015
Introduced in 2011, Junior ISAs (and now NISAs) work exactly the same way as adult NISAs other than reduced limits of £4,080 per tax year. All children are eligible to hold a NISA other than those who hold a Child Trust Fund (CTF) – i.e. children born between 1 September 2002 and 2 January 2011. (As an aside we expect that the Government will merge the CTF regime into the Junior NISA regime in 2015).
It is never too soon to start saving for the future generation and we at MoneyDoctor have helped many clients set up Junior NISAs for children and grandchildren. Do get in touch via the contact us page to find out how can help.
Read more about ISAs here.