At Scottish Friendly we believe everyone should be able to save and invest for their child's future to help them take their first footsteps into adult life.
That's why we're here to help you navigate the monetary maze.
Some reasons to invest
To buy their first car
They'll likely want a flashy sports car, but a basic hatchback will get them from A to B. Having a fund saved up can help get them moving.
Whether it's money towards fees or supporting their student lifestyle, they'll call on you to fund some cash while they hit the books.
Towards a house deposit
Savings and investments are what will open the door to owning a home and help get them moving (out!).
Investing with a Junior ISA
If you're just getting started with investing for your child, you might want to think about a Junior ISA. Junior ISAs offer tax-free investing, putting your money to work using the long-term growth potential of the stock market.
Junior ISAs belong to your child and can't be accessed by them until they turn 18.
You can invest up to £9,000 in the 2020/2021 tax year. Once set up, family and friends can also contribute.
Tax-free means the funds grow free from tax, with the exception of tax we've already paid on your behalf (such as on dividends from UK shares).
Remember the value of investments can go down as well as up, and your child could get back less than you've paid in. Tax treatment depends on individual circumstances and tax rules could change in the future.
Getting started with a Junior ISA
At Scottish Friendly, our Junior ISA lets you manage your investments to suit your circumstances and starts from an affordable £10 a month or if you can stretch your budget further you can do a little more.