If your child was born before 1 September 2002 or after 2 January 2011 or doesn’t have a Child Trust Fund and you’re looking for another way to invest for your child’s future, why not take a look at our My Select (Junior ISA) or Child Bond.
Remember the value of investments can go down as well as up, and your child could get back less than you've paid in. If the child withdraws money from the Junior ISA before the end of 5 years, there will be a £50 deduction from the withdrawal value. For the Child Bond, if you cash in within the first two years, you'll get nothing back. Tax treatment depends on individual circumstances and tax rules could change in the future.
My Select (Junior ISA)
Use your child's Junior ISA allowance to invest for their future.
A selection of eight funds to choose from, so you can tailor your child's investment.
From £10 a month or more, a lump sum from £50 or transfer in from another Junior ISA provider.
When you take out a My Select (Junior ISA) we'll pay £50 into the Junior ISA for your child. T&Cs apply.
Scottish Friendly doesn't provide advice. The information provided should help you decide if a Junior ISA or Child Bond is suitable for you and your child. If you're not sure whether a Junior ISA or Child Bond is suitable, you should contact an independent financial adviser for advice. Advisers may charge for providing such advice and should confirm any cost beforehand.
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