Our Junior ISA
We all want our kids to get the best possible start in adult life. A Junior ISA helps you build a long-term investment, so that when they turn 18 you could give them a handy tax-free cash sum for whatever they want.
Tax-free means the policy grows free of income and capital gains tax (other than tax on dividends from UK shares).
- Invest from £10 a month or a lump sum from £50 or transfer in from another provider.
- Choose from a range of 8 funds.
- Invest up to £4,080 this tax year.
- Split your child's investment into separate policies so family members can invest in their own pot.
- The value of your investments can fall as well as rise, so your child could get back less than you paid in.
- The fund aims to grow your money over time on the stock market, so it should be considered as a long-term investment.
- Money invested in a Junior ISA belongs to the child. They can only withdraw it when they reach 18.
What is a Junior ISA?
Every year, the Government sets a limit of how much you’re allowed to invest in your choice of Junior ISA. The current allowance for the 2016/2017 tax year is £4,080, which can be split across two types of Junior ISA.More about your Junior ISA allowance
No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.