If you're investing in your grandchildren's future, there are a few reasons why an investment ISA from Scottish Friendly could be right for you.
Start investing from £10 a month or more.
You can split your ISA into pots - especially handy if you've got more than one grandchild to invest for.
Unlike contributing to a Junior ISA, it's your ISA, so you decide when to give it to them.
ISA stands for Individual Savings Account and is a tax-free way to put money aside for the future. A Junior ISA (JISA) is a special version for children that, by using it to save or invest, can provide a lump sum for a child when they reach 18.
Only a parent or guardian can take out a Junior ISA on a child's behalf.
The Junior ISA belongs to the child and the money is theirs when they turn 18.
Anyone can contribute to a Junior ISA: grandparents, friends, and family alike.
They can only invest a total of £9,000 in Junior ISAs in the 2023/2024 tax year.
If you're confused about ISAs and the different types and would like to know more, our guide could help.
Investing for your child? A Junior ISA could help you build a long-term investment, that's theirs and they can access it when they turn 18.
If you can't decide between an Investment ISA and a Cash ISA, we've weighed up some important factors to consider for both.