Junior ISAs
Childrens Savings
Since the beginning of November 2011, parents with eligible children will be able to open a JISA (Junior Individual Savings Account). This account allows you to accrue money for the future benefit of your child in a tax efficient manner.
The current maximum annual allowance is £3,600 per year and these monies can either all be invested within a Cash Junior ISA, or Junior Stocks & Shares ISA, or spread over the two.
Cash Junior ISA:
These are deposit based savings which offer safe and secure returns, typically offered by Banks and Building Societies.
Junior Stocks & Shares ISA's:
These are equity based investments, which offer the potential of greater return that that of a deposit based investment. However, the value of the investment is not guaranteed and may rise or fall depending upon how and where the monies are invested. If suitable we would design and recommend a portfolio of investments which reflect your attitude towards risk.
Both plans should be regularly reveiwed to ensure that they optimise your returns and also continue to reflect any risk you are prepared to take.
THE VALUE OF SOME OF YOUR INVESTMENTS ARE NOT GUARANTEED AND CAN GO UP OR DOWN DEPENDING UPON INVESTMENT PERFORMANCE. YOU COULD GET BACK LESS THAN YOU HAVE PAID IN.
